PRESIDENT ROOSEVELT TAKES STAND.
COLLAPSE OF DEBT AND TRADE NEGOTIATIONS. (By Telegraph-Press Assn—Copyright). Received Friday, 10 e.nu WASHINGTON, Sept. 6. The refusal by President Roosevelt to grant Russia a long-term loan and commercial' credits for more than 200,000,000 dollars caused the collapse to-day of the debt and trade negotiations between the two Governments. The President told the State Department that it would be undesirable to grant a long-term loan to any foreign country, because of Europe's tremendous unpaid debt to the United States. He continued that the Russian insistence on a loan as the price for their promise to pay the hundreds of millions in debts and claims by the United States made futile any immediate continuance of the negotiations.
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Horowhenua Chronicle, 8 September 1934, Page 5
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120PRESIDENT ROOSEVELT TAKES STAND. Horowhenua Chronicle, 8 September 1934, Page 5
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