DEBT MORATORIUM.

Waikato Times, Volume 112, Issue 18795, 17 November 1932, Page 7

DEBT MORATORIUM.

MAY BE REJECTED. OPPOSITION INCREASING. VIEWS OF CONGRESSMEN. 1 United Press Assn. —Elec. Tel. Copyright. WASHINGTON, Nov. 16, The arrival of many additional members of Congress in Washington and the “ polling ’’ of others by telegraph, indicated a oryaltallisation of the strong anti-postponement sentiment. A Democrat spokesman known to be in the close confidence of Mr Roosevelt, predated that the Presidentelect will not take the responsibility of a postponement of payments pending consideration of the broader problem of debts revision. Some observers now see a possibility of a postponement of the World Economio Conference till next summer on the chance that the Democrats might agree to inclusion of the debts question in the agenda. Indications that Congress will reject the postponement proposals became pronounced to-day. The Democrat "floor leader” in the House of Representatives, Mr H. I. Rainey (Illinois) declared: “I am unalterably, as always, against changing the debt situation. This moratorium Is the silliest thing. There is not the slightest chance of passing it in this Congress or any other.” Important leaders of the Senate expressed opposition to postponement, some with qualifications. These included Mr W. E. Borah. The receipt of a Note from Belgium to-day, similar in substance to those from "Britain and France, produced a general impression that others can he expected soon, constituting a united European front against America on the question. ______