The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-22
WORLDS EYES
ON HOOvER'S
DEBT FARLEY
Roosevelt NearS Capital for
MomentouS Conference
With President.
EUROPE IN SUSPENSE
Fifth Nation, Poland, Makes
Appeal for Revision
of Payments.
EUROPE IN SUSPENSE
BY RAYMOND CLAPPER
United Press STAFF CORRESPONDENT


WASHINGTON, Nov. 22.-As the
November twilight falls at the
White House today, President Her
bert Hoover and President Elect
Franklin D. Roosevelt will discuss
Europe's war debt.
They met at Mr.. Hoover's request.
He seeks the advice of the man
who is to take over the presidency
soon, before making a decision the
consequences of which will carry
over into the next administration.
The possibility of reviving the war
debt commission, and reconsidering
the capacity of each debtor to paw
was indicated.
President Elect Roosevelt. max
ing day train trip from New York,
is expected about $3.50 p. m. Plans
were made to drive him directly to
the White House, bringing him into
the south grounds.
The conference, in one of the
first-floor parlors of the White
House, will be informal and of un-
certain duration.
Mills, MOley to Attend
Only two other men were asked
to be present, both expert advisors.
Mr.. Hoover asked Treasury Secre-
tary Ogden Mills to sit at his elbow.
Governor Roosevelt asked to have
present Professor Raymond Moley,
Columbia university economist.
Governor Roosevelt had a two
room suite reserved at the May
flower hotel, three blocks from the
White House, where Vice President
Charles Curtis lives. He will be a
guest of the National Press Club
at dinner.
Wednesday morning he hopes to
confer with Democratic senators
and congressman before departing
after lunch for Warm Springs, Ga,
to spend Thanksgiving.
Poland Makes Appeal
The immediate problem confront
ing the two men in the quiet seclu-
sion of the White House study is
whether to insist that Europe pay
its Dec. Is war debt installment Of
$125, 100000. Mr.. Hoover also desires
to discuss the proposed world eco
nomic conference with his successor.
Great Britain, France, Belgium.
and Czecho- Slovakia have made
formal requests that debt payments
be postponed pending general re-
consideration of the 81, 600 900, 900
war debt burden from which Europe
hopes to be freed.
Poland today became the fifth
European nation to ask relief from
debt payments due Dec. Is.
The request for postponement was
made by the Polish ambassador, Ty-
tuS Filipowicz, in informal discus
slonS with Henry L. Stimson, sec
rotary of state. 1t was understood
formal note will be delivered soon.
ALI Europe ResentfuI
This is a question which has torn
the once united allies apart. Europe.
resentful, feels that the United
States is exacting blood money. An
earlier occupant of the White
House, Calvin Coolidge, is said to
have retorted, They hired the
money, didn't they?"
A third point of view is that of
many American economists who saw
that the war debts can not be col
lected and that they hang as a mill
stone around the world, preventing
economic recovery.
Mr. Hoover and MIR. Roosevelt
both have declared against cancel
lation. Both have publicly ex-
pressed the hope that some wav
might be found to help Europe paw
through facilitating trade.
Problem Is Appalling
This, in nutshell, is the apualI-
ing problem, almost overwhelming
in its completely, shot with deem
popular feelings, that confronts the
TWO men who face one of the most
decisive moments of history.
Europe waited today, with breath
less suspense, wondering whether
another emancipation proclamation
might have its birth in the White
House.
Secretary Mills indicated that
PRESIDENT Hoover would propose a
new debt-funding commission 70
study the capacity of each debtor
to pay. MIR. Hoover suggested this
last winter in special message TO
congress