If these gentlemen have that sense of patriotism, which outruns immediate profit, and a desire to see the country recover, they will close up these transactions and desist from their manipulations.

I do not refer to the legitimate grain trade.

It is my sincere hope and expectation that this proposal which has been presented to and accepted by the nations of the world will revive confidence and promote prosperity among all peoples.

Your accomplishment is striking testimony of the advancement which has been made during the last few years by American pilots and American engineers.

Exchange of experience and discussion of your common problems should contribute to broad and sound policies which will be reflected in the service of these industries to the consuming public.

While the plan is particularly aimed to economic relief, yet economic relief means the swinging of men's minds from fear to confidence, the swinging of nations from the apprehension of disorder and governmental collapse to hope and…

I am happy personally to congratulate you on your achievement of flying around the world in the remarkable time of less than 9 days.

I am glad to announce that the American proposal for 1 year's postponement of all intergovernmental debts and reparations has now been accepted in principle by all of the important creditor governments.

Their presence is another indication of the interdependence of the various countries in the world's business.

I think it is morally in effect.

It is effective July 1.

I shall appreciate it if you will extend my cordial congratulations and good wishes to the delegates from our own country, and abroad.