Show i I PRESIDENT HINTS MINIS DEBT REVISION WAY OPENED FOR PARLEYS PARLEYS' ON PRO PROBLEM BLEM Manner Wanner in Which Foreign N Na Na- Na lions Employ Resources Would Be Factor LEGISLATION IS 15 OPPOSE OPPOSED Payment Must Be MadeR Made Roosevelt Declares Br Dr Associated WASHINGTON June 1 President I-President Roosevelt In a report to congress today today today to to- day on war debts held out a promise for discussion of revision of present funding agreements to any European debtor nations who ask any present special circumstances relating to means and methods of ot payment He indicated what special circumstances circumstances circumstances circum circum- stances would fee ee e considered by emphasizing emphasizing emphasizing em em- that factors would be whether the nations arc are utilizing their resources for recovery purposes purposes pur pur- poses or make a reasonable payment pay pay- ment merit on the Ithe debt owed or are spending for unproductive nationalistic nationalistic national national- purposes In some official quarters the th presidents president's presidents pres ident's statement concerning possible conferences was considered significant significant significant cant as a prelude to Great note on the debts question expected here any times time Overtures Are Made lade Sir Sr Ronald Lin Lindsey ds C the British ambassador is understood to have bave made overtures to the White House for a discussion With the next due date dale two wee weeks from today there arose Democratic contentions meanwhile that Republicans were filibustering to keep congress congress con con- gress In session p past t that date The presidential message in the e emain main was a factual recording of the debts status as to defaults token p pay payments y ments and the like At the end however he emphasize emphasized siz sized size I Jh that thit t t the de debtorS debtor to nations have be been n told again and again that they have full lun oPI opportunity to discuss dis dis- dis cU cuss their problems with this coun coun- try Opposed to Le Legislation I suggest wrote Mr Air Roosevelt that in view of ot all existing circumstances circumstances circum circum- stances no legislation at this session of the congress con is either cither necessary or advisable Recalling that money represented represent i iby by the war debts enabled success Continued on Page Fate Six T MESSAGE HINTS DEBT REVISION President Opens Way for Discussions of Problem Problem Problem lem With Europe Continued from Pa Pace Fare e One ful rul conclusion of a war var which involved in In- the national existence of the borrowers President Roosevelt said it was in turn borrowed by the United States government from rom the people of the United States Our government In the absence of payment from foreign governments governments govern govern- ments he added is js compelled to raise the shortage by general taxation taxation taxation taxa taxa- tion of f its own people p in order pay payoff off the original Liberty i eHy bonds and arid the later refunding bonds It Is for these reasons that the American people have felt that their debtors were called upon to make a determined effort to discharge these obligations The American people would not be disposed to place an impossible burden upon their debtors but are nevertheless in a just position to ask that substantial sacrifices be bc made to meet these debts Prep Prepared for Discussion We are arc using every means he wrote to persuade each debtor nation nation na na- na- na tion lion as to the sacredness of the obligation obligation gation and also aIso to assure them of our will willingness if it they should so request request re rc re- re quest to discuss frankly and fully the special circumstances relating to means and methods methods- of at payment We shall continue to expect the debtors on their par part said the president president pres pres- ident at another point to show full lull understanding of the American atti atti- tude of this debt question The people of the debtor nations will also bear in m mind nd the fact that the American people are certain to tobe tobe tobe be swayed by the use which debtor countries make of their available resources re re- re sources whether sources whether such resources would be applied for the purposes of or recovery as ns well as for reasonable payment on the debt owed to the citizens citi citi- zens of the United States Slates or for purposes purposes purposes pur pur- poses of unproductive nationalistic ex expenditure or like purposes I I can only repeat that I 1 have made it clear to the debtor nations again and again that the indebtedness to our government has no relation whatsoever whatsoever what what- to reparations payment made or owed to them and that each individual individual individual in in- nation has full lull and free opportunity op individually to discuss its problem with the United States Presidents President's Views Rouse Indignation in Britain ain LONDON June 1 UP UP President President Roosevelt's war debt message eSage to con congress ron ron- gress aroused violent indignation among high governmental officials to today la lay an and the United Press learned the he cabinet had decided not to make even a token payment on June 15 un unless unless unless un- un less such payment s specifically exonerates exon crates Britain from from- the stigma of f default default de de- de- de fault Influential quarters even branded as blackmail the presidents president's warning warning warn warn warning ing that nations spending relatively heavy amounts on armaments arm would r receive less consideration from th the United States as debtors It was believed the cabinets cabinet's decisIon decision deci deci- sion sian to threaten default had already been communicated cat d to President Roosevelt |