The One Hundred Twentieth Press Conference of President Franklin D. Roosevelt
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CONFIDENTIAL
Press Conference #120,
Executive Offices of the White House,
May 11, 1934, 4.15 P. M.
MR. DONAIDSON: All in.
THE PRESIDENT: I do not think I have any news. Has anybody got any?
a Mr. President, we understand that the State Department has been
notifying the representatives of the debtor nations that their
governments will not be exempt from the penalties of the Johnson
Act if they continue to make token payments. The State Depart-
ment refuses to say anything officially. Can you tell us whether
that is so?
THE PRESIDENT: I think you will have to get it from the State Depart-
ment. I hate to cross wires.
of Is it not conceivable that if the debtor nations were to offer us
a substantial payment, considerably higher than the token payment --
THE PRESIDENT (interposing): That is the same question that Stevie
(Mr. Stephenson) asked the day before yesterday. In other words,
exactly what I said the other day, that I cannot give an answer
to any specious case until I know the case.
of What puzzles us is whether or not you are going to hold them liable
to the Johnson Act unless they make full payments or whether you
might be willing to find some means of getting around the Johnson
Act if they made substantial payments along the lines of their
capacity or desire to pay.
THE PRESIDENT: There you are running into the same thing. We cannot
say anything about these things until some nation makes a propo-
sition.
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