WAR DEBTS
UNPOPULAR TOPIC IN UNITED STATES United Press Association— By Electric Telegraph —Copyright (Received February 18, 7.50 p.m.) NEW YORK, February 1". President Roosevelt held a secret conference with Mr Cordell Hull (Secretary of State), Mr Henry Morgenthan, junr. (Secretary to the Treasury), and Mr Garner, and the various Congressional leaders on the question of war debts, says the Washington correspondent of “The Nn York Times.” It is persistently reported that President Roosevelt presented a plan for a settlement proposed by one of the smaller debtor nations, providing for an adjustment of past due payments, now totalling approximately 1,500,000,000 dollars.
It is understood the President’s plan met with a chilly reception. His confreres advised him specifically against attempting any war debt adjustments, and against bringing up such a subject where it would lead to a controversy, such as has been "kicked up" in Congress regarding the Administration’s foreign policy.
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Timaru Herald, Volume CXLIV, Issue 20966, 19 February 1938, Page 11
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150WAR DEBTS Timaru Herald, Volume CXLIV, Issue 20966, 19 February 1938, Page 11
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