EXPECTS TO BE PAID.

Waikato Times, Volume 112, Issue 18809, 3 December 1932, Page 7

EXPECTS TO BE PAID.

STATEMENT BY MR GARNER ONLY ONE CAUSE OF TROUBLE. FURTHER OPPOSITION EXPRESSED United Press Assn. —Eie«. Tel. Copyright (Received 'Dec. 3, 10.20 a.m.) WASHINGTON, Dec. 2. ‘‘■l said to 'Mr Hoover when 'I was down at the White House a week or so ago that the sooner the European nations realised that the United States expects to be paid the better off the whole world will be,” ■Mr J. H. Garner ftaid. “I still think so. The debtor nations may continue to talk about It all they please, but Congress will not do anything about it. We 'have the right over here to do what we think best, just as they have.” Others on 'Capitol Hill also expressed opposition to acceding to Britain and France. The 'Chairman of the Senate Foreign Relations 'Committee, Senator Borah, said: “The war debts owed the United States were only one cause of the world’s economic troubles, and it was unfair to ask American taxpayers to contribute their part for the removal 'Of these causes and leave behind the causes _ which will make their contribution wholly ineffective.”

SIGNIFICANT STATEMENT.

BY AMERICAN MINISTER. NOT NECESSARY tO REPLY. / United Press Assn.—Elec. Tel. Copyright. (Recoivod Dec. 3, 10.30 a.m.) .. WASHINGTON, Deo. 2. After a protracted Cabinet meeting on Friday Mr H. L. Stlmson, Secretary of State, told the newspapermen that It may not be necessary to reply to the British and Fronoh Notes. While Mr Stlmson would not elaborate his statement It Is understood to mean that the Government feels that Its position has been olearly stated In Its replies to the original requests, and the latest communications present no now proposals requiring an answer.

FOUND CONVINCING. CABINET CIRCLES IMPRESSED. WHAT WILL CONGRESS DO? (Received Deo. 3, .1.2.30 p.m.) RUGBY, Dec. 2. The Times’ Washington correspondent points out it is common knowledge that independently of its presentation from London, The case put forward in the Note is in large sense found convincing, not only by the President, Mr Hoover, but by all those whose executive position gives them knowledge of, and concern in, the world situation. Immediate importanoe, however, attaches to the effect which the note may have upon Congress, which will meet next week and in whose hands the decision lies. BRITISH PRESS VIEWS. THE STATEMENT APPLAUDED. UNANIMOUS APPROVAL. (Omclal Wireless.) (Received Dec. 3, 12.15 p.m.) RUGBY, Dec. 2. British press opinion is unanimous in regarding the note as a great State paper, maintaining the same high level of disinterestedness that since the war has marked the attitude of successive British Governments towards a situation created by these in-ter-Governmental obligations. A Grave Threat. The Evening Standard regards the arguments that payment must inevitably result in a further disastrous fall of commodity prices as singularly impressive. This it says, constitutes a grave threat to tlio farming community of the United States who are most opposed to any cancellation of the debt. The Better Way. The Star also emphasises 'that a settlement which would raise the price of grain and cotton by the smallest amount would pay America far better than could the receipt of gold from Britain. An Unanswerable Case. The Times says: “It is unanswerable. The case has 'been set out with great skill and great restraint." Situation Exposed. The 'Manchester Guardian says: “The no-le does nothing less than expose the world economic situation.” Britain's Lead. The Daily 'Mail says: “The total amount due to Britain for allied debts and German reparation payments is four times I hat of the British debt to the United Stales. That entire sum we arc prepared to wipe out if the United Slates will Treat our debt the same way.” If Washington Could be Persuaded. The News Chronicle says; “If Washington could be persuaded even lo postpone the December payment pending the proposed discussion the whole world would welcome the decision as an earnest of the fruitful issue for the revival of prosperity."

No Special Pleading.

The Herald says: “The note is no special pleading of a debtor anxious to avoid legal obligations. It is cold stern fact which Congress and the United Stales public should duly ponder. On the -goodwill and cooperation between the two countries everything depends.” Friendly Modorato and Dignified. The Telegraph describes the note as “friendly, moderate and dignified” and referring to the Lausanne decisions, says: “The mere prospect of the most promising work yet done for the world’s recovery being shattered frankly Is appalling and the great body of American investors directly interested in -the permanence of that work will take no other view.” IVIR HOOVER’S PROPOSALS. AWAITED WITH INTEREST. NOTE MUST GARRY WEIGHT. (nv Telegraph.—Press Association.) (Received Dec. 3, 12.30 p.m.) RUGBY, Dec. 2. The recommendations which Mr Hoover will make to Congress are awaited here with exceptional interest, it was not expected that ilie American public would accord immediately a favourable reception to tlic policy advocated by the British Government which would involve sacrifices on the part or American taxpayers similar to those already borne by British taxpayers. The conviction however, is expressed In the British press that when time lias been allowed for the careful weighing of l,he plain straightforward statement of facts and the inescapable deductions from (hem, they will carry conviction to all unbiassed minds.