Evening Star Newspaper, June 24, 1931, Page 4

FRENCH OPPOSE HOOVER PROPOSAL Unofficial Report Says Paris, However, Admits Need to Aid Germany. ‘(Continued From First Page.) bank for financing Germany and other European nations such as Austria. It is understood here that Wash- ington feels that the Hoover plan should be accepted in its entirety and that the tachnicalities of the Young plan should not be allowed to affect it. Flat Refusal Impossible, Le Temps, often officially inspired, said tonight that Trance could mnot flatly. turn down the Ilcover suggestion, but it was inconceivable that the na- tion would give up the principle of un- conditional reparations puyments lald down in the Young plan. “If the United States made her proposition on the basis of the main- tenance of debts owed, France has a right to accompany her ucceptance of the American offer with a demand ior the integrity of the Young plan,” the newspaper said. g ‘The White House, the newspaper con- tinued, is too well informed about politi- cal procedure to attempt to impose one definite formula, which it 1s nec&lfi' that other countries accept as offered, without close examination or discussion of the methods by which it would be put into effect. Cabinet Completes Reply. The cabinet completed the text of its reply to the Hoover moratorium pro- this afternoon. At the conclusion of the lengthy cab- inet session Premier Laval personally gave out the following communique: “The cabinet has definitely drawn up the text of the reply which France is making concerning the proposition of President Hoover, and Premier Laval will deliver this text this afternoon to the American Ambassador in Paris. The premier refused to make any comment concerning the nature of the * French answer. He would not say whether France insisted upon a counter-plan concerning the payment of unconditional annuities by Germany. The attitude of the premier was that nothing should leak out in Paris be- fore the reply reaches Washington through the American embassy here. The only statement the premier would volunteer weas that he expected to hand the document to Ambassador Edge at the ministry of interior this afternoon. Asked when the text would be avail- able in France he answered: “I will give it out in the chamber Friday when debate on the American proposal is scheduled. Hope U. S. Will Agree. Should the French cabinet decision be to approve the counter plan, hope was voiced here that the United States would accord the move its earnest con- sideration because France is convinced it would attain the object which Mr. Hoover is seeking in proposal. It is submitted that France, called upon to make a big sacrifice in either event, should be permitted to offer a suggestion as to how the problem can be met. Behind her policy, it was sald, is the fear that once shaken the Young plan will finally fall completely. ‘The Conservative le J%t{lmll says: “Hoover may ignore the Young plan, but the powers who signed it cannot. There is a big difference between the American plan and France’s counter- system. The Hoover plan involves a sus- pension of the Young plan an suAPensmn means that the payments will never be resumed. The French plan ' maintains the prid€iple of the pay- ments and thus the future is safe- guarded.’ On_the other hand, Le Matin says the French government will accept positive collaboration under the Hoover plan without abandoning French in- terests. “We understand that the French answer will be based upon the principle of acceptance,” it was said, “‘with & reservation concerning the uncondi- tional annuities.” Forecasts Rejection. The business newspaper La Journee #aid that the Chamber of Deputies from left to right will reject the Hoover pro- if it maintains no distinction be- tween reparations snd war debts, 2dd- ing that the government is ready to accept it as a basis of negotiations. This will follow logically, the paper said, “unless Hoover made simply an ostentatious move intended perhaps to halt for an instant the exodus of capi- tal from Germany, One cannot believe that he imagined for a moment that he was offering & serious durable remedy for the world crisis.” Edge Explaing Action. Prench officials took into consideration information furnished by Ambassador Edge as to the circumstances surround- ing the formulation of the offer for a one-year suspension of intergovernment ‘war debts. Mr. Edge called on Premier Labal last night and told him that France was the first nation to be in- formed of the proposal. President Hoover was obliged to take : speedy action when acquainted with the financial crisis existing in Germany, he BRUENING PLEDGES GERMANY TO AID HOOVER PLAN ON DEBT Asks France to Forget War and Join World Efforts to End Depression. Sudden Radio Speech, Hailed bysBerlin, Surprises All—Is \/' Heard by French. By the Associated Press. rul ‘The German public was belleved to realize that for the first time radio had been used for political action of the first magnitude. The chanulhs: address was commended not only political and diplomatic circles, but also in business and financial quarters. The chancellor is known to feel keenly the embarrassment suffered by the government's work of international conciliation by the Steel Helmets' con- vention at Breslau on May 30 and the miltaristic utterances at Munich last Friday. Asks Rapprochement Last night's broadcast gave him an opportunity to state authoritatively, while thousands of French men lis- tened in, that Germany earnestly and fervently desires rapprochement with France. “Theje two mneighbor nations” he told the radio audience, held the peace of Europe, if not the world, in their hands and offered once more to engage in a friendly conference with French officials similar to the recent Anglo- German meeting at Chequers. Sees “Dire Need” “The well-being of Europe and of the whole world,” he said, “depends on whether those who, by the tragic whim of fate, became enemies in the World War are determined now on both sides to take the vital steps which the dire need of this hour demands. “The American proposal paves the way to the great 1, if the nations rezpond to that initiative in the same ct’e spirit in which it was con- “The greater the alleviation of eco- nomic and social distress under which the German nation is lufl‘e‘nm. the stronger will be the nation's ability to aid in the construction of a bulwark of peace and order. “In the past, certain obstacles and difficulties have marked the course on o . HEINRICH BRUENING. both sides, and if there has been many a stormy argument, still it is my con- viction that this can be overcome with good-will on both sides. “There will bz no1ack of good-will on fl'l:mplfi of the German government. I would welcome the opportunity for dis- cussions such as that recently held at Chequers, The problems confronting France and Germany are too. vagu and too urgent for both of us not to permit of frank discussion on some common ground from which we could launch an attack.” Sudden Address Is Surprise. ‘The chancellor'’s addgess was an- nounced only an before it was ven and created great surprise in rmany. There was much ulation in polit- ical circles as to just how Herr Bruen- ing so suddenly decided to go on the alr. Accor to one version the American Aml , Frederic M. Sackett, hinted that a gesture of con- ciliation toward France would greatly help President Hoover. By another version, the chancellor himself felt that he should support Mr. Hoover's efforts to win over and to translate into action Foreign Minister Curtius’ g:emiu that “everything possible will done by us to make it easy for France to accept.” Stil lanother version had it that the French cabinet postponed its decision on the Hoover plan after advising Am- bassador Von Hoesch that it would be easier to accept if Germany once more pronounced & desire for reconciliation. more {mmpt method 'must be found for putting into operation the proposal of the United States Government for a complete and immediate suspension of German payments to the creditor gov- ernments. “The procedure which we would favor is that the creditor governments(should forthwith notify the Bank for Irtterna- tional Settlements that %‘m with the proposal for suspension for one {;lr of all the German payments due to em. “The declsion, of course, does not rest with us alone, and we are awaiting the views of the other creditor governments, but we hope it may be possible to se- cure an agreement on thess lines as mox;r l-lldpo:llble. i “President Hoover’s proposal app! however, to ‘all intergovernmental debts, reparations and relief debts. His majesty’s government for their d | part accept this proposal in the spirit as well as the letter. They will ac- cordingly be ready to suspend for one year all such intergovernment debts due to them as soon as President Hoover's proj has been generally accepted and in the meantime was from the first approximo they will refrain from cla! Installments that may fall due. Will Invite Co-operation. “As regards the rellef debts, his mfiu‘y’l government are at once taking steps to inform the other European governments which hold re- llef bonds of '-hei'rzmlnn and to invite for discussion and settlement between those of his majesty’s govergment con- cerned, we have felt we. should be in- terpreting the wishes of the country in deciding freeiy to offer to the domin- jons and India the same concession as is proposed for foreign countries under the same conditions. Dominions o Share. ly when inviting u‘b:n lm: suspension of “Accol of the government of India to German payments so far s d the share to which thev are entitled, we in- timate that on the same principle we would readily give them the option of postponing the whole amount of their war debt paymenys to the United King- dom for the 12 months from July 1, 80 desire. The proposals sald, and France was misinformed if | the taxpa she believed that he had previously ne- gotiated with other governments to her | been made, exclusion. W The Ambassador’s visit was actuated scrap the Young plan, and hinted that mmce had been ignored in preliminary ps. The Hoover proposal continued to re- ceive acrid comment in extreme Right organs. Pertinax sald in Echo de Paris that the United States had treated Prance “most cavalierly” on the ff- teenth of June by calmly collecting half: of the regular annuity, & sum which was sald to be much greater than the amount recelved from Germany since April 1. ‘Two days later America no less calm- ly invited France to s d German reparations, he said, which was an un- fortunate coincidence. BRITAIN TO CO-OPERATE Snowden Tells Commons Government Subscribes to Plan. TLONDON; June 24 (#)—Philip Snow- den, chancellor of the exchequer, told the House of Commons today that the British government, subscribing whole- beartedly to the principle of President Hoover's proposal, s prepared to co- operate in elaboration the detail with a view to giving it pi lcal effect confidence Cheers nouncement. , Leaders Indorse Statement. e S, thouat portunity of reading it be: content myself with saying that, in my opinion and I believe in the opinion of those behind me, that the govern- ment has taken a course consis- tent with the dignity and reputation of ity lete, courageous unequivocal an Emwer to the very noble gesture of the United States.” GREECE IN ACCORD." ATHENS, June 324 (#)—The Greek ent today instructed its Minis- r in Washington to inform the State Department that Greece accepts the without delay. “The more consideration we give to the President's declaration,” he said, “the more it seems to us, ha rticularly to the history of the mat- r, that that declaration eomtlmwml o “The beneficial effect of the may be less unless steps are taken by all the countries concerned to give it pron;xpnt‘nxi% practical _effect. is culiarly ecneurwdad!mmf; ,\’:l-;o. after all, is in an essential > culty.” . v'nh the view expressed T ‘ Hoover moratorium plan on the con- dition that she will not be prejudiced thereby. Gl i CONTRACT ASSIGNED Ancther advance was made today GERMANY IS TOLD TO DROP TREATY REVISION POLICY (Continued From Pirst Page.) plan evolved rather suddenly. France was the first nation to be informed. The original idea was that there should be s joint Franco-American declaration, but in view of the dis- e | did not intend to offer t tressing news suddenly received from Germany, Mr. Hoover felt it necessary to act immediately without awaiting the For the benefit of their own readers, French newspapers add that Mr. Hoover's haste was due to ressure of American banks, which eared that unless something was done immediately the United States would lose its huge German investments. ‘There is still a deal of surprise in Prench political circles at what is called Mr. Hmv""‘t ';:neervdent:%‘enbier_x European 5 gradually ing realized that this intervention was not made solely o “help Germany’ against France, but :n the comrion in- terest of the world and in the Interest of the United States in particular. Block to Treaty Revisions. 1t is believed that M. Briand explained the other members of the government that this Am!‘rlula lnctlm‘ (h particu- important and interesting because - sutomatically make it difficult, ces, for Germany to advantage of the new sit- uation to renew its agitation for treaty revision. Some members of the gov- ernment appeared unconvinced by M. Briand’s reasoning. It is significant that virtually the entire French opinion approves of the vernment's attitude toward preserva- jon of the intangibility of the prin- ciple of tg:ymznc of the unconditional rt of ‘Young Plan annuity. Even Exscutive Committee of the Social- ist party this view in a reso- lution which in addition proposes the organization of vast international credits for Germany and other suffering states. (Copyright, 1931.) WANTS REAL HOLIDAY. Britain Does Not Wish to Be Bound by French Restrictions. BY NEGLEY FARSON. By Cable to The Star. LONDON, lnnfld’.e June 24.—1If, as SWALL CREDITORS EXPRESS CONCERN |Envoys Tell Stimson Plan May Cause Serious Deficit in Budgets. BY CONSTANTINE BROWN. Some of Germany’s smaller creditor natfons, through their Washington rep- resentatives, have expressed concern that suspension of reparations pay- ments under the Hoover plan might cause a serious deficit in their budgets. Minister Charles A. Davila of Ruma- nia, visiting Secretary of State Henry L. Stimson, explained that by the pro- posed holiday Rumania stood to lose & little more than $1,000,000. A small siders the magn! its likely results, yet important for Rumania, where every cent counted. Mr. Davila also emphasized that while the United States could e find money to offset the additional of $260,000,000 that would be the American budget, Rumania would undoubtedly have serious difficulty in meeting its added deficit. ‘Will Offer No Impediment. Minister Davila, however, hastened to sssure Mr. Stimson that his country he itest impediment and that it indorsed - dent Hoover’s nr?oul enthusiastically. He thought it his duty, however, to draw the Secretary’s attention to the hard- ships small creditor countries would encounter should the plan be accepted by _the major ‘men Secretary S n is reported to have listened sympathetically and to have thing at the present moment was the President’s plan should be adopted. Afterward undoubtedly some way would be found to avoid any hardships on the smaller nations. Ferdinand Veverka Czechoslovakia also called to assure Mr, Stimson of his country’s co-operation. Czechoslovakia would be in a better po- sition than obligated to pa; France and Great Britain a larger sum than she receives from Gm-n{, a suspension of debt payments d be to her advantage. ‘Concerned With Politics. ‘Two other countries interested in the German reparations, Poland and Jugo- slavia, are said to be concerned with only the political side of the plan; that is to say, y want be reassured that this debt holiday would not mean revision of existing treaties. To them the financial side is of little consequence, since they receive from Germany about the same amount they pay to the major powers. Assurance has been given them that the Hoover plan has no political angle whatsoever and is not intended to reopen any political controversy. (Copyright, 1931) budget and the legitimate fear and wish to be assured protection ag a re- viving and possibly arrogant Germany —but the very difficulties of the French government with its own people in m eeting Mr. Hoover’s proposals. Sound Business Proposition. President Hoover’s proposal is finding increasing and universal appreciation in London—not, it should be strongly pointed out, as an emotional or philan- thropic gesture, but as a sound business Pproposition. Opinion here is that the Americans are a hard-headed nation and that President Hoover, perhaps harder than most of them, that some $2,500,000,000 in American investments in Germany were liable to go up the spout, with consequences of a world- wide catastrophe, took the fastest and best way out of such an alarming pre- dicament. That is the official govern- ment as well as the virtually unani press and public opinion, the it d that cept the offer with sible alacrity, so ical value is not frittered away ‘hesital or bargaining. Times See Permanent Gain, “It is the opinion almost universally held outside of France,” says the ex- tremely conservative London Times, “that the proposed renunciations will rebound materially to the advantage of all and that the temporary loss will be followed by a permanent gain.” “It is inconceivable that the oppor- tunity by Washington will be allowed to pass,” says the Daily Telegraph. “The consequences of the failure of President wver‘n enterprise do not bear discus- g g Even Lord Rothermere's Daily Malil, almost deflant in its Monday's demand that France should not be asked to re- lieve Germany' of payment of the $100,~ 000,000 of the unconditional Yo plan annuities, strikes a dimnetlyu?xsendly and favorable note in today’s editorial, ing that President Hoover SRS TR ey an » BN promise of such vast relief for the world if his gh in substance, may hope he will be able to and makc alowances in the case of France.” (Copyright, 1931.) T / ECONOMIST SECS BENEFIT IN PLA Prof. Mead Holds Debt Delay Gesture-of Good Will as Well as Financial Aid. This is the first of several -rkfld}.:’."{ ‘authoriti pomie im- Bosal for & war®debi moratorium. BY PROF. EDWARD SHERWOOD MEAD, (Wharton Ieho;l'nenl"fl:‘l‘li-es. University of (Copyright, 1931, By the Associated Press.) PHILADELPHIA, June 24 (#)—It is impossible to exaggerate the beneficial Tesults of President Hoover's proposal that the United States shall co-operate with the European creditors of Ger- many to make possible the postpone- ment for at least one year of German reparation payments under the Young d | plan, This is, in effect, & recommendation 12| that the creditors of Germany volun- tarily, and %s a gesture not only of finaneial expediency, but of genuine friendliness and good will, come to her rescue in a situation which threatens the stability of German institutions, Action Is Justified. Self interest alone would abundantly justify this action by tors, = Revolution in obligations, o‘colh l’.:.hn = h!-hm tic o b &c capl system in St & Tovclubion couid ot e’ ade thout the most V‘ol!’:'e in period, but would greatly intensify the present depn-im.m o ‘Will Dispel Hatred. Aside from the advantage to the capitalistic nations of preserving the institution of private property in Ger- many in order to safeguard their own Institutions, there is an additional merit in President Hoover's suggestion. Its acceptance by those nations to whom it is addressed, will go far to dispel the atmosphere of international distress, suspicion and hatred which now prevails and which has led our European customers to impose such burdensome restrictions on our export Profitable international busi- ness, on a large scale, is impossible under such conditions. In order to re-establish foreign trade, 50 indispensable to domestic ty, this miasma %( lnunrn;:lnml tress d 3 been struggling to meet his obligation —in spite of legal fictions to the cone trary, the United States is in- ad:m-'l ma!ptg:u of 'glermmyd —the - 1= ent’s pro) o more to alla; the vfduprud A anf the United States than all the been called, or which are projected. HEARST DENOUNCES . How Congress Sees It e Responses of Conditional Approval of Hoover Plan Predicated Largely on Insistance There Be No ancellation of War Debts. debt | the world. appreciative responses to the Chief Executive’s F: veol' request for reaction Responses ap- proved. Representative Rutherford, Democrat, Georgia, said the moratorium might be 8 g:oa thing for Germany, but asked ‘'what's it going to do for the people over here?” Senator Morrison, North Carolina, Pemol:rlt. said his present im) ion is most favorable” but wished to know more “before unconditionally promising my support.” The great mass, however, added un- conditional support to expressions by leaders of both parties consulted by Mr. Hoover before he submitted his proposal. Asks International Conference. Senator Thomas, Democrat, Okla- homa—The President’s plan doesn't far enough. From the world’s s I~ g:mt an international conference should called to ascertain what additional steps might be taken further to aid re- covery of world business. From the Natlon’s standpoint a plan to relieve conditions among the five to seven mil- lion ummp::‘yied ah‘gu}gflbe announced. ive Garrett, Democrat, Texas—Should not the Congress and State Legislatures give serious consider- ation to the distressed conditions of our r Nation giving away fur- ther billions of dollars of the war debts of other nations? tative Mansfield, Democrat, Texas—It is my upderstanding Amer- ican bankers hold more German 4 ernment obligations than the !:rnf‘w States Government—which would not be affected by the President’s proposal. If those American ‘“shylocks” would loosen up in their demands on Ger- mln,it“o\lldhglpllotmmfl:u can accomplish the Rapidan. iy tative Eaton, iblican, Colorado—I intend to su to the President that the public should be in- formed whether the administration in- tends to so adjust its expenditures that no increase in the tax burden on the people will be necessary. Senator Dill, Democrat, Washington —1 take it that the President is acting in the interests of Europe rather than that of the United States. I hesitate to place this burden on our taxpayers, but by the time Congress meets we will know how serious conditions are. Should Come to- Germany’s Rescue. Representative Martin, Oregon, Dem- ocrat—We should come to ghe rescue of Germany. I have always felt the Treaty of Versailies entirely unfair to ny. =ntative Crail, Republican, California—As a member of the Foreign Relations Committee of the House of Representatives, I will gladly and ily co-operate in this statesmanlike ef- fort to_ relieve the economic distress from ,which the world s suffering. Senator Capper, Republican, Kansas, and Representative French, Republican, posca. marviosuim, et opposition 0 moratorium, but op) cancellation of war debts. HOOVER DEBT PLAN > Declares for Coolidge as Next Pres- ident and Attacks Bankers. By the Associated Press. LONDON, June 24—William Ran- dolph Hearst, in an article contributed to today's Daily Express, bitterly de- nounced President Hoover's for a moratorium on war and declared for Calvin Coolidge the next President of the United States. “This plan for revision of war debts,” he wrote, “is purely & plan of the in- ternational bankers who make their money -out of unen plunder the Am interest of fc most of these agents. “I declare here and now for Calvin has | Coolidge for the next President of the United States. “I subscribe wholeheartedly to de- nunciation of this scheme as an out- rageous plece of robbery and snobbery. “The American 'nwle want a vigor- ous American in White House and they are going_to have one, either a Coolidge or a Roosevelt.” % SACKETT SECOND TO HOOVER discussing the French it says might rob Mr. Hoover's u.\w‘"nl their flavor, the asserts: $430. $ ‘The buildings at 2516-2528-2520 and o 2524 P street will Toaived. oy PR, i wta the L e e G B .- IN EYES OF GERMAN Piesident’s Action Credited to His Persona! Contact and Series: of Reports. First Job in International Pol- itics Brought News of Sal- vation to Germany. BY EDGAR ANSEL MOWRER. PEOPLE, , When Slh:flx they developed into & from Wash- of Ger- Representative Carter, Republican, California—This act of the President is going to give courage to the European countries and will do much to clear up the depression. Senator Connally, Democrat, Texas— Any?.hln‘x that will increase the buying wer o help condif in the United States. itath Hardy, _Democrat, Colorado, and Barbour, Republican, ‘Representative. Oross, Democrat, Tex. nt lve h = as, opposed cancellation of war debts congressional approval of & moratorium. Senator Frederick Hale of Maine tele- iphed President Hoover he believed 7 it world-wide international warranted ~ the proposed Representative Clark Burdick, Re- publican, Rhode Island—I, personally, favor the proposal mentioned in your telegram and believe the people of Rhod’; “n‘hnd enth backing you Representative Frederick W. Dallinger, Massachusetts—I am most heartily in {:vor of the proposal of President loover. ‘Would Relieve Strain. tative Oscar Auf der Heide, heart- | dias will at least temporari- ° | war debt. Republican, New Jersey—It 18’ thing for this mntry’-nd ‘u:e r-m Democrat—I would ' support. & mora- torium * * * provided assurance is given that foreign governments will curtail expenditures for their respective military establishments. Eugene B. Crowe, third Indiana, Democrat—If one year's moratorium could be granted and our rights en- tirely safeguarded.* * * I'm inclined to think I would favor it. However, 1 want to see our own people cared for Courtland C. Gillem, fifth Indiana, Democrat—My comment is withheld 1l careful study can be made of the plan and its probable results. ‘William H. Larrabee, sixth Indiana, Democrat—Revision of the tariff down- ward will do more to revive world trade and regain world friendship for our Natlon. ‘Thatel ive . Maurs her, Repul Kentucky—I think it is a splendid thing and I will support it. However, I am not in favor of can- celing obligations to the United States. Representative Ralph Gilbert, Dem- ocrat, Kentucky—I am impressed fa- vorably with the proposal if the terms do not embarrass future collections and ;:'!Jo not the forerunner of debt cancel- n. Representative A. J. May, Demoerat, Kentucky—I think it is a very wise move and should be supported. I com- mend President Hoover for endeavor- ing to bring about a solution of the problem. Representative Fred M. Vinson, Dem- ocrat, Kentucky—The psychology of it should be helpful. I am afraid, though, it may be just a p toward reduction or cancellation of debt. ntative Cap Carden, Demo- crat, Kentucky—It seems a_ very good ylln. I am in favor of it, but do not avor debt cancellation. Whole-hearted Support. Louls Ludlow, seventh Indiana, Dem- ocrat—I will give my whole-hearted support to the President’s plan. A. H. Vestal, eighth Indiana, Re- publican—I shall support legislation to Fred S. Purnell, ninth Indiana, Re- publican—I shall sugwr the p PR o as a sincere effort by our Government to aid in the stabilization of Europe. Glen Griswold, eleventh Indiana, Democrat—From the information which I have, the President claims it is un- reasonable and improper to give a dole to our own destitute and starving citi- zens. If he is correct in this, then it would be just as unreasonable to give a dole to Europeans, which the creation of & moratorium would do. Samuel B. Pettengill, Thirteenth In- na, Democrat—"“Any general mora- torium participated in by us should be distinctly conducted upon a reduction in armament and a scaling down of the now admittedly impossible terms imposed upon Germany. This condi- tion is omitted from the President’s program. Senator M. M. Logan, Democral Kentucky—The way it looks now it is all right and & move in the right di- rection. My present impression is that I would support it. Representative John W. Moore, DWI‘. Kentucky—It may work out an it thoroughly I cennot say I am in favor of it. Pennsylvanians Approve. Edmund F. Erk, le%ub!hn. Penn- sylvania—I am in the heartiest accord with President Hoover's plans. Clyde Kelly, Republican, Pennsyl- vania—The President has moved wisely and in the right direction. Harry A. Estep, Republican, Pennsyl- vania—I think very well of Mr. Hoo- ver's action. I think the psychology of the matter is going to be very strength- ing. P. J. Sullivan, Republican, Pennsyl- vania—I heartily approve the Presi- dent’s position on foreign debts. Guy E. Campbell, Republican, Penn- sylvania—I regard Mr. Mellon as one of the greatest financiers the world has ever known. I am disposed to go along with him in angthing. he may gest. tative Seiberling, Republic- an, Ohio—I favor the moratorium, but I would oppose any cancellation of the Representative McClintock, Repub- lican, Ohio—It has the support and confidence of the people. Representative Lamneck, Democrat, Ohio—If this proposal will improve business I would favor it. Representative Jenkins, Republican, O e Sechisiive, Flaaper, Repubiion ve inger, n, Ohio — Most refreshing news from I Ie t to vote for - e tative Hess, O it me as an Re- | supporter of your moratorium. BELGIAN PAPER RAPS HOOVER DEBT PLAN Charge oi Move to Save Money In- vested by Americans in Ger- many Is Hurled. would | By the Associated Press. are | members, today 'S BRUSSELS, June 2(4—Th;h l:le:“;s paper Independence Belge, closely connected with several Cabinet denounced President Hoover' e Suit Over Razor-Blade Cut. If one cuts himself on s safety razor carry out President Hoover's sugges- ltl:,l.l.‘l{ng not. Until I have studied | ¢; U.S.STANDSFRM. ON HOOVER PLAN Cannot Depart From Broad OQutlines, Says Secretary Stimson. (Continued From Pirst Page.) ~ 7| of the United States, laws have been enacted which must be considered in bringing about an agreement to sus- pend the debt payments for the mext | year. British Envoy Confers. No_statement was forthec as to in| whether the French reply would be made public when it is received here or whether it will have to reach the public from French official sources. The British Ambassador, Sir Ronald Lindsay, was in conference with Sec- retary Stimson at the State Depart- ment, presumably in connection witk the debt suspension plan. The British - government already has - signified its approval of the proposal, although nc formal note, it is understood, has beer fcrwarded to this Government. Immediately after his conferenct with the British Ambassador, Secretarr Stimson, accompanied by Undersecre- tary Ogden Mills, visited the White House executive offices to talk with the President. Congress Leaders Approve. President Hoover continued to receive messages heartily approving the pro- posed debt suspension. Representative Will Wood of Indiana, chairman- of the House Appropriations Committee, was 8 caller at the White House, and con- s’rltlllhud the President on his pro- posal. = Mr. Wood also commended thie Demo- crats for the favorable stand they have taken regarding the debt suspensiom plan. Following his talk with ‘the President, Mr. Wood said he looked for no discordant note in Congress when that body meets and has before it a bill to ratify the debt suspension plan, - He insisted there should be “a recess of politics.” Republican leaders, among them Mr. Wood, are advising stromgly * against any attempt by the Republican perty to capitalize the President’s debt suspension proposal. They insist the proposal is a national matter and should have the suppor of all political parties. Mr. Wood, pointing out that if the debt suspension plan goes through, thr United States will fail to receive dur ing the next year some $245,000,000, which would be paid otherwise by ow foreign debtors, declared Congres should go easy on appropriations. Economy, he said, would be absolute- ltuxmsnry in governmental expendi s. The Indiana Representative ex- pressed the opinion it would not be nec- essary to increase Federal taxes in the next session of Congress, notwithstand- ing the fact there is a deficit in the Treasury or that this deficit might be xx]::rensed through the debt suspension plan. He also said he saw no reason for * a special session of Conj this In' some “quarters It Bas beer urged that President Hoover convens Congress in November in order to give more time to put through legislation re- quired by the debt suspension plan. Five Governments Back Idea. * It was indicated at the White Housc ~ that information was at. hand: showing five governments at least favorable te the President's debt suspension plan. Great Britain, Germany, Italy, Austria and Greece. Another caller at the 'White' Houss was Howard E. Coffin, automobile and aircraft magnate, who has been engaged in work of industrial development in Georgia. He spoke highly of the President's plan. _After he had seen the President Mr. Coffin personally expressed the %, | opinion the proposed moratorium should > be_extended for more than one year. Secretary Stimson, who was to have delivered an address over a nation-wide radio hook-up Jlast night on the debt suspension plan, announced late yes- ¢ 'fl;dly he would not speak at this . Pat Harrison in Favor His decision not to make the ad- was generally interpreted as meaning the Administration felt the - delicacy of the situation would be bet- ter served at this time by withholding official statements of this kind. Senator Pat Harrison of mlw. ing Democratic member of e Senate Finance Committee, called at the White House yesterday afternoon to talk over with President Hoover the debt suspension plan. He expressed his approval of it. It is his opinion the President would do well to call Congress together next rdmvl;-;nber 5o as to give more time for lealing wi necessal egislation af-’ fecting the plan. % Indications were that substantially - unconditional agreement might bé ex- E?::ldn only from Germany and Great * Reservations Are Feared. In official quarters here the fear per- sisted that any reservations would delay completion of necessary preliminaries and prevent speedy consummation of President Hoover's avowed intention to stimulate world business by suspending war debt and reparations payments for a year. ‘The administration is anxious to com- plete preliminaries in the hope that an R aaitional hope has been cxpreised nal that reservations will be withheld for consideration after the idea of the plan has been accepted. In his announcement of the: offer, President Hoover expressed “his views toward reparations changes: with -the- - | assertion that “reparations is necessarily- wholly a European problem with which we have no relation.” 2 5 Extraneous Factors Opposed. Secretary Stimson has expressed op- position to the introduction of what he considers extraneous factors. Among other thing officials said might come! within this restriction’ was the sugges-: tion by Senator Segers to Belgium that' his country would be a “dupe” if she accepted a moratorium on reparations exceeding debt payments to the United: States. ing the period of the proe posed moratorium Belgium would re- ceive from Oermu‘xz o%‘m'mhm Tep- arations and pay $8,000,000 on debt to the United States. Similar ditions prevail in most other countries involved, l;l‘d financial circles hold fli;: ¥