On the record
It will be helpful to ourselves and it will improve conditions among our debtors if funding and the settlement of defaulted interest may be negotiated.
Said by
Warren G. Harding
Source
gutenberg.orgWarren G. Harding: “It will be helpful to ourselves and it will improve conditions among our debtors if funding and the settlement of…”
Editor's note · Context
He suggests that negotiating funding and settling defaulted interest will benefit both the U.S. and its debtors.
Share
More from Warren G. Harding
I can not too strongly urge in early completion of this necessary legislation It is needed to stabilize our industry at home; it is essential to make more definite our trade relations abroad.
The base of the pyramid of civilization which rests upon the soil is shrinking through the drift of population from farm to city.
We can not sell to others who do not produce, nor can we buy unless we produce at home.
Everything relating to trade, among ourselves and among nations, has been expanded, excessive, inflated, abnormal, and there is a madness in finance which no American policy alone will cure.