1932 US House Representative Speech Shannon Missouri WWI Foreign-Debt Moratorium

Description

Title: Foreign-Debt Moratorium--A Step Toward Cancellation of Foreign Debts.
Author: Hon. Joseph B. Shannon of Missouri.
Publisher: U.S. Government Printing Office.
Publication Date: 1932
Format: pamphlet; no cover (as printed)
Length: 4 pages (one folded sheet)
Size: 9" by 5 7/8"
Description: This is the text of Representative Shannon's December 18, 1931, floor speech against H. J. Res. 147. This joint resolution was "to authorize the postponement of amounts payable to the United States from foreign governments during the fiscal year 1932, and their repayment over a ten-year period beginning July 1, 1933." This joint resolution was intended to ease debts incurred by foreign countries during World War I and try to ease the growing global economic crisis. Rep. Shannon argues that these countries had not been fiscally responsible and that this debt postponement would ultimately lead to the cancellation of these debts. Shannon's arguments did not prevail, and this resolution passed easily. According to the Biographical Directory of the United States Congress, Joseph Shannon was "a Representative from Missouri; born in St. Louis, Mo., March 17, 1867; attended the public schools of St. Louis and Spalding Business College, Kansas City, Mo.; moved with his parents to Girard, Kans., in early youth; upon the death of his father moved to Kansas City, Mo., in 1879; became constable in the justice court in 1890; was city market-master in 1892 and served two years; studied law; was admitted to the bar in 1905 and commenced practice in Kansas City, Mo.; chairman of the Democratic State committee in 1910; delegate to the Democratic National Conventions in 1908, 1912, 1920, 1924, 1928, 1932, and 1940; member of the Missouri constitutional conventions in 1922 and 1923; elected as a Democrat to the Seventy-second and the five succeeding Congresses (March 4, 1931-January 3, 1943); was not a candidate for renomination in 1942; died in Kansas City, Mo., March 28, 1943; interment in Calvary Cemetery".
Condition: Good. Light soiling. Creasing--mostly along fold lines.