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 obligations of governments held by private parties.
The President's News Conference
Share & report
More from Herbert Hoover
These are our objectives and with unceasing effort, with courage and faith in Almighty God, they will be attained.
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power of defense through decreases in the power of the attack.
His services to country were so varied and valuable as to earn the gratitude of the Nation and his character won him the high regard of a host of friends.
The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of the Federal Government is a great tribute to their wisdom and courage.
Other voices in this conversation
