The Depression Papers of Herbert Hoover

Statement, October 23, 1931

The following statement was issued by the White House:

Both the President and Premier Laval wish it made clear that the conversations upon which they are engaged are solely in respect of such policies as each of the two Governments can develop to expedite recovery from the world economic depression. There is no remote basis whatever for statements as to “demands,” “terms of settlement” or any other like discussions. Happily there are no controversies to be settled between France and America. None such exist. The sole purpose of these conversations is the earnest, frank exchange of views with view to finding common ground for helpful action in the promotion of constructive progress in the world.