Evening star., 1932-11-14
Text of Hoover Telegram
President Requests Conference With Roosevelt on
Debts Before Giving Congress Recommends
fions-Ofher Democratic Leaders Invited.

debtor governments Of the attitude Of
this Government toward either cancel
lation or reduction of existing obliga-
tions. Therefore any commitments
which European governments may
have made between themselves could
not be based upon any assurances of
the United States. Moreover, the tenor
Of negotiations asked for By the debtor
governments goes beyond the terms of
the congressional resolution referred to-.
Il have publicly stated my position as
to these questions, including that I do
not favor cancellation in any form, but
that we should be receptive to propos-
ais from our debtors of tangible COM
pensation in other forms than direct
payment In expansion Of markets for
the products Of our labor and our
farms. And ! have stated further that
substantial reduction of world arma-
ment which will relieve our own and
world burdens and dangers has a bear
ing upon this question.
II negotiations are to be under
taken as requested by these govern
ments, protracted and detailed discus
slons would be necessary which could
not be concluded during my admins
tration.
ANY negotiation Of this question on
the basis Of the requests of these gov
ernments Is limited by the resolution of
the Congress. And II there is to be
any change in the attitude of the Con-
gress 1t will be greatly affected by the
views OF those members who recognize
you as their leader and who will prop
erly desire your counsel and advice.
This outlines where the question stands
at the present moment.
I am prepared to deal with the SUBJ
lect as far as 1t lies in the power of
the Executive, but 1t must be our COM
mon wish to deal with this question in
constructive fashion for the common
good Of the country. I am loath to
proceed with recommendations to the
Congress until can have an oppor-
tunity to confer with you personally at
some convenient date in the near fu-
ture.
Other Important Questions.
There are also other important oues-
tons as to which I think an inter-
change Of views would be in the public
interest.
THE building of world economic Sta
b1llty Is, OF course, of the greatest i'm
portance in the building up of our re-
covery.
wv hAAOWJ q WOAlQ CCOIlOIIllC con-
ference will be held during the course
OF the coming Winter. Already two
American experts have met with the
technical experts OF other govern
ments to prepare tentative agenda.
While this conference may be begun
during my administration, it is certain
that it will not complete its labors
until you have assumed Office.
Parallel with this, of course, Is the
Disarmament Conference, in which the
United States has taken a leading part.
This also has great economic purpose
as well as the advancement of world
peace.
=, Time is Of great Importance in all
these questions, and I understand that
you are planning to come through
some time during the latter
part OF next week, and hope you will
md 1t convenient to stop off long
enough for me to advise with you.
I should, Of course, be only too glad
10 have you bring into this conference
any OF the Democratic congressional
leaders or other advisers you may wish.
HERBERT HOOVER"