Last May President Hoover let the International Chamber of Commerce, meeting in Washington, know that so far as the U. S. Government was concerned the War Debts were a closed book and their revision out of the question. Last June President Hoover proposed his one-year Moratorium on War Debts and Reparations. Last week President Hoover asked Congress to open the War Debt book again and prepare to readjust the $11,598,501,461 account therein.
As Secretary of Commerce Mr. Hoover was a member of the World War Foreign Debt Commission which funded $9,811,094,094.03 worth of...
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