AMERICA AND WAR DEBTS.

Press, Volume LXVIII, Issue 20715, 28 November 1932, Page 9

AMERICA AND WAR DEBTS.

_ revision advocated. attitude of business MEN. tggSENTMENT AMONG THE PEOPLE. »M9S ASoom-rtox-Bv w.r,cTiito : * a TELE muMi-ccPYitifiur.) (BcceU'Cd November 27th, 3.3 p.m.) SEW YORK, November 20. Ho principal development in the war Jcbt situation to-day was the publication of a long report from the United States Chamber of Commerce, strongly noDOsing cancellation and advocating Lporarv postponement of payments L countries unable to pay, and a revision) wfe ro advisable, conditional on ths rsduction of armaments and comHistory trade advantages, presented "as a business man s viewlot" the report declared: "Adjustments must not throw an undiminished ta iburden on the American taxpayer." It made five recomendations as follows: (1) Postponement.

(2) Eevision or modification. (3) "Definite provision J'or juch treatment of our trade as will assure the access of American goods 'Oll fair competitive terms." This is interpreted as an advocacy of preferential trade agreements. (4) deductions in armaments. (5) Bcjcction of cancellation propoials. ©6 report bears as its premier sigtttnre that of Mr Silas Strawn (a jell-kuown lawyer), and includes the signatures of Melvifl Traylor, Julius km, and other distinguished men. Tie "Human Touch." Lopdon Press reports concerning the British intention regarding the new .Mp, addresses by principal statesmen, ltd Mr J. L. Garvin's Editorial article it {he "Observer" arc noted with extlptional attention by interested sources ilWashington. Mr Garvin's suggestions Raiding the "human touch" in the jilif Note elicited intimations even iu p sourees of greatest sympathy toUds Great Britain that Britain "must jlcsent a convincing argument why payput should be suspended and debts repmd, if she is to modify the present [Mile Congressional attitude. Such Itidcnce as haa so far been received [tough official channels is inconclusive llMtting British economic conditions, P«jh efforts have been made to dcpnttiW with exactness the weight of ffllculties 'confronting that county." erases of Resentment. It wAV*. idle to attempt to conteal the tort! that there is unquestionfld reitainflnt among te American people,jrfiul&rly in Congress, over (lip attach allegedly made by French interests liiat year on American financial stability, with runs on the dollar and wholesale withdrawals of balances here. Hut' this is in great part responlibte fi)r the apparent intransigence of tit American attitude it would be difficult to deny. Irrespective cf tho witapad sympathy with British eondltta, iht) American Congressional attitadl remains hostile, even towards te, by reason of the so-called united front of the European Powers in dealing with ills tjftited States in refer-, we to debts. It' is recognised that inch a ttpail&d fy<>nt is imperative as a Wilt of Lausanne. Nevertheless, it is paiQWd out that there were many warn* ftOol tho American Government PM the Powers' treating as a group, laeldcfitally, the State Department notified Poland and Czechowakia that their payments would be f *(Mtsd oa Dacember 15th, that there no extension of the moratorium, l, tl that President Hoover was preTO t6 wcomtnend the formation of <9 Debt Commission. These -STotes are "Me with the others.

EMPATHY FOR BRITAIN u Wii hope for Belgium and FRANCE. November 27th, G.JO p.m.) .Washington, Novemtor 25. C , lcatio ' l ot tho war debt fidirt k Britain, France, and jm by the state Department to- " revealed the Government's . . Position. This, to a great exCOine 'des with the trend of public Mtk? 1 ' P aoic ly, considerable sym«tiL 1 ' for Great 'dJw _ or 110 hope held out ttV n(1 fi elgiura. % ' to Great Britain mentions "fa fi, ess t' lo situation on •Hf ,- t ftflueat is predicated. How--tea wiiK ! ams nothing can bo <*»sressional action and t»2ii'l. tle current payment the prospects of making '?PP roa ches to the whole greatly increased." the British Gov--46 a , Presentation of her '''ife a a l ,0< JhiI case looking toCrif Allte l ,°Hi e r h,iml - tlie Notes to 41U are regarded, at ( -ove r Adininistra--1/1 % fa^ COrTl ? ? as closing the door " ®tapension, CAPACITY TO PAY. TO PRESS STATEMENTS. Wtj Kovembei- 27th, (5.30 p.m.) flit % November "(3. ® ira ' a 8 -Post" says: "It lias cer^a ' ll quarters that because slid 4||| statement would be It" 0118 Wfls 110t misWt %<,(. ? w ® VPr inexpedient p»VM II f ,n tll ° interest, l *®?P aclt y woul.il deceive * ea ® r cat Bri* ( S»» j. America. But, if December 15th, V* Wetit?? . (lu,su:i< lod t'rom the , . ln ''resident Hoover's L i *vn V P. boU « <' ol ' everybody. merit a mk, .