The President's News Conference
03/14/1929
https://www.presidency.ucsb.edu...
I am sure the American people have no desire to attempt to extract any sum beyond the capacity of any debtor to pay.
So much of the orders of December 4, 1909, creating Temporary Power-Site Withdrawal No. 81, and July 2, 1910, creating Power-Site Reserve No...
Therefore, reparations is necessarily wholly a European problem with which we have no relation.
World confidence would not be enhanced by such action.