LEND-LEASE: Correction

It was all a mistake, Franklin Roosevelt told his press conference. He wanted to apologize.

Three weeks ago the eleventh quarterly report on Lend-Lease went to Congress along with a letter over the President's name which bluntly stated that the U.S. did not want repayment of Lend-Lease debts from the United Nations. The quote: "Victory and a secure peace are the only coin in which we can be repaid." Promptly many a U.S. citizen felt acute tax pains, many a U.S. newspaper bellowed loud (TIME, Sept. 6).

Explained President Roosevelt: While he was in Quebec, several drafts of the letter were...

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!