U.S. ATTITUDE

Rotorua Morning Post, Volume 2, Issue 389, 25 November 1932, Page 5

U.S. ATTITUDE

(Press. Assn.-

MARKED MODIFICATION

-By Telegraph — Copyrlght).

Rec. Nov- 24, 7.35 p.m. New York, Nov. 23. Mr. Franklin Roosevelt is pushing the door open toward debt revision. The foregoing was the most important conclusion of observers, who have followed the two day period of multifarious inter-party conference in Washington. The conference, however, in general added to the confusion existing in American minds relative to the settlement of a knotty question. Mr. Roosevelt's statement issued from the train to-night, en route to Georgia, intimated that he disagreed with Mr. Hoover's conclusions prineipally on the matter of the re-crea-tion of the debt commission, preferring to treat with each nation separately through diplomatic channels. He created a favourable impression among those seeking leniency for debtor nations. The lack of a clear cut and definitely outlined policy on the part of Mr. Roosevelt, however, is not considered surprisingMr. Garner touches the nerve matter in a statement to-night when he said, "One hund'red and fifty new members of Congress have been elected. Who can tell what will he in their minds." Even as the principal conference at Washington coneluded, the Polish Government handed the State Department a note asking for postponement and revision. It was rather anticlimatical that Mr. H. L. Stimson, the Under-Secretary for State, was handing the reply to France almost simultaneously and similar replies were being drafted for other nations, ' representing Mr. Hoover's conclus- 1 : ions. The President's modification of his known opposition to suspension of payments on December 15, by suggesting that they might be made in foreigri currencies would generally appear as applicable to Great Bz'itain. With one half of the world stabilised to sterling, there is deep anxiety lest forced payments by Great Britain migbt depress the pound to a point of demoralisation for foreign commerce. Although Congressional leaders at to-day's conference unahimously opposed suspension payments on December 15, they indicated that Congress, which is being convened for December 5, would not oppose payments to foreign countries.