The New Deal
Hoover - Roosevelt Exchanges
HOOVER TO ROOSEVELT
December 20, 1932
I have your telegram expressing the difficulties which you find in cooperation at the present time. In the face of foreign conditions which are continually degenerating agricultural prices, increasing unemployment and creating economic difficulties for our people, I am unwilling to admit that cooperation cannot be established between the outgoing and incoming administrations which will give earlier solution and recovery from these difficulties.
If you will review my previous communications and conversations I think you will agree that while outlining the nature of the problems my proposals to you have been directed to the setting up not of solutions but of the machinery through which by preparedness the ultimate solution of these questions can be expedited and coordinated to the end that many months of delay and increasing losses to our people may be avoided.
I fully recognize that your solution of these questions of debt, the world economic problems and disarmament might vary from my own. These conclusions obviously cannot be attained in my administration and will lie entirely within your administration. I wish especially to avoid any embarrassment to your work and thus have no intention of committing the incoming administration to any particular policy prior to March 4. Even the exploratory work you suggest should be participated in by men in whom you have confidence, and I wish to facilitate it. What I deem of the utmost importance is that when you assume responsibility on March 4 machinery of your approval will be here, fully informed and ready to function according to the policies you may determine.
My frequent statements indicate agreement with you that debts, world economic problems and disarmament require selective treatment, but you will agree with me that they also require coordination and preparation either in the individual hands of the they president or in the hands of men selected to deal with them and advise them. There is thus no thought of submerging the World Economic Conference with other questions, but rather to remove the barriers from successful issue of that conference.
With view to again making an effort to secure cooperation and that solidarity of national action which the situation needs, I would be glad if you could designate Mr. Owen D. Young, Colonel House, or any other men of your party possessed of your views and your confidence and at the same time familiar with these problems, to sit with the principal officers of this administration in endeavor to see what steps can be taken to avoid delays of precious time and inevitable losses that will ensue from such delays.