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 obligations of governments held by private…

We are not involved in the discussion of strictly European problems, of which the payment of German reparations is one.

I wish to take this occasion also to frankly state my views upon our relations to German reparations and the debts owed to us by the Allied Governments of Europe.

I am sure the American people have no desire to attempt to extract any sum beyond the capacity of any debtor to pay and it is our view that broad vision requires that our Government should recognize the situation as it exists.

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. 81, as affects the lands hereinafter described, is hereby revoked

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

We trust that by this evidence of our desire to assist we shall have contributed to the good will which is so necessary in the solution of this major question.

World confidence would not be enhanced by such action.

It is not a political question or partisan in any sense.

The law will require action by Congress, but with this support I assume that Congress will act favorably.

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 with our own policies and principles if we take into account the abnormal situation now existing in…