National Affairs: Amendment by Rage

Last week the House of Representatives buckled down to work on the Hoover Moratorium. Behind it was a June promise to the President to ratify. Upon it were the anxious eyes of 15 debtor nations about to be relieved of paying the U. S. $246,000,000. Patriotism and prejudice, high motives and low manners marked its labors.

Because the War Debt agreements are not treaties but revenue laws of the U. S., the President's most able advocates of postponed collections marched not to the Senate but to the Ways & Means Committee of the House...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!