• Short Summary

    Owen D Young reads statement, on behalf of US President, Herbert Hoover, proposing a one-year moratorium of German payments of the Young Plan. (The Young Plan was a programme for settlement of German reparations debts after World War I)

    B/W footage

  • Description

    July 1931
    USA:
    EXT
    Owen D Young (American industrialist and diplomat) reading statement on the Young Plan SOT
    - these are bad times in the world / we have bad business and unemployment, bad temper and bad politics / each reacts on the other so that many suffer from want and more from the fear of it / bitterness and suspicion result / naturally we are in the mood to arm and not disarm, to tear down and not to build up and so we destroy our own prosperity

    - the silence of America at such a time would be most discouraging / now she has spoken through the president / persons of all parties stand by as they are

    - proposals to postpone all debt payments even for a year is not only the action of a wise creditor but the helpful word of a great democracy / coming at a time when we were all beginning to doubt whether a democracy could act promptly, wisely and helpfully, it is most encouraging / it is to be hoped that other govts can and will act also and that private interests would restore faith, would be helpful too

    - it only takes intelligence, courage and goodwill to make a prosperous world / we have the material things already / I heartily approve the president's action
    Background: Owen D Young reads statement, on behalf of US President, Herbert Hoover, proposing a one-year moratorium of German payments of the Young Plan. (The Young Plan was a programme for settlement of German reparations debts after World War I)

    B/W footage

  • Tags

  • Data

    Film ID:
    VLVAHQQ30V8DGVBI8JDXNC2TBHQZ
    Media URN:
    VLVAHQQ30V8DGVBI8JDXNC2TBHQZ
    Group:
    Reuters - British Paramount Newsreel
    Archive:
    Reuters
    Issue Date:
    05/12/1931
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:24:00
    Time in/Out:
    /
    Canister:
    N/A

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