Pending before the Congress is a recommendation for the settlement of the
Greek debt and the Austrian debt. Both of these are comparatively small and
our country can afford to be generous. The rehabilitation of these
countries awaits their settlement. There would also be advantages to our
trade. We could scarcely afford to be the only nation that refuses the
relief which Austria seeks. The Congress has already granted Austria a
long-time moratorium, which it is understood will be waived and immediate
payments begun on her debt on the same basis which we have extended to
other countries.