The President's News Conference
08/22/1929
https://www.presidency.ucsb.edu...
We are not involved in the discussion of strictly European problems, of which the payment of German reparations is one.
No, no payments due until the 15th of December.
But as the basis of the settlement of these debts was the capacity under normal conditions of the debtor to pay, we should be consistent wit...
The law will require action by Congress, but with this support I assume that Congress will act favorably.