Herbert Hoover actually said...

"The American Government proposes the postponement during 1 year of all payments on intergovernmental debts, reparations, and relief debts, both principal and interest, of course, not including obligat..."

"It represents our willingness to make a contribution to the early restoration of world prosperity in which our own people have so deep an interest."

"I am sure the American people have no desire to attempt to extract any sum beyond the capacity of any debtor to pay and it is our view that broad vision requires that our Government should recognize t..."

"I wish to take this occasion also to frankly state my views upon our relations to German reparations and the debts owed to us by the Allied Governments of Europe."