Herbert Hoover actually said...

"World confidence would not be enhanced by such action."

"They are aware of it. You can put it that way."

"This arrangement so far as we are concerned does not require an extra session of Congress."

"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 the obl..."