Evening star., 1932-11-17

ldI1IIlS
Hiram Bingham, Republican, Con-
necticut: ST cannot agree TO the Sus-
pension Of the debt payments with the
information now available as to the
financial situation of the debtor coun-
tries pleading for leniency."
Couzens Backs. Borah.
James COuEens, Republican, Of Michi-
gan: "I agree with Senator Borah that
this country should not consent to a
suspension OF the debt payments until
the debtor nations make a better pre-
sentiment Of their financial conditions
and consent to enter into an interna
tional conference which will consider
debts and allvQpestions now disturbing
the economic stability of the world"
Walter F. George, Democrat. Of
Georgia: THE responsibility for any
revision or reconsideration of the war
debts rests equally on the Executive
and Congress, and in my opinion Con-
gress ought to be called together If the
emergency is so great that it demands
immediate Consideration. While the
incoming administration has no official
responsibility, there is a definite moral
esponSibility"
Thomas p. Gore, Democrat, Okla
homa: Il would not favor a special
session to consider the debt question.
A special session would be vain and
abortive and would accentuate failure
to agree. While l doubt if these debts
will ever be paid, do not favor their
outright cancellation There are two
or three concessions which would be
willing to consider: First. To place
England on the same footing with
France as to percentage to be paid.
England would probably pay on that
basis. If England paid, France would
have to pay. If England and France
paid, the smaller countries that could
pay would pay. Second. An arrange
ment by which the debtor countries
would make payments in the nature of
a sinking fund sufficient to retire the
soldiers bonus en- maturity in 1945.
Third. The remainder Of the debt to
be carried without interest and treated
as a sort Of reserve on our part, to be
demanded only in case of national
emergency, and then only upon rea-
Sonable notice, not more than 20 per
cent to be called in any one year. and
to be paid either in money or accept
able goods, at the option cf the debtor
No. and No. 3 are to be considered
together. These are apart from any
concession respecting reciprocity and
disarmament, which look upon as i'm
practical and as unenforceable as the
debts themselves. If they are unwilling
TO enter into any of these adjustments
then would say pay or repudiate be-
cause reputation would impair theiI
credit for the future and perhaps serve
as warning to overwilling lenders"
Wesley L. Jones, Republican, Wash
fngtOn: "If European nations can con-
tinue huge expenditures for armamentS
and war preparations, they ought tc
pay their debts now due to the United
States according to their respective
agreements. We have already Cancelled
vast sums with no particular benefit Il
our people, and do not approve theh
continuing high military appropriations
at our expense. I prefer facing the
possible contingency of reputation. t
any further voluntary concessions BY
the United States in which we do no
share direct benefits.
I see no reason for hasty action anC
do not favor special session to con.
slider any proposition I have seen re,
ported in the press. I might be willinf
to consider modifying the present agree.
mentS If the debtor nations will formu.
late proposal which includes a bons
flde, substantial and immediate reduc
ton in military budgets Such a plaI
might enable us TO effect appropriation
savings to offset their failure to NEE
contractual obligations, but much woulC
depend on the nature of such proposals
Il am opposed to further burdenini
the American people with debts tina
ought to be paid by Europe"
(Copyright. 1882. by North American News
paper Alliance, Ine.l