Face to Face
In spite of his frustration, and the failure of Henry Stimson to convince Roosevelt that he had to take action, Hoover agreed to meet with the president-elect a second time during the interregnum. So on January 20--the date that would become Inauguration Day in 1937--the two sides met in the Red Room at the White House.
Hoover was joined by Henry Stimson and Ogden Mills, the Secretary of the Treasury. Roosevelt brought with him advisors Raymond Moley and Norman Davis. Once again, the two sides reviewed their positions. Hoover, Stimson and Mills argued vigorously for Roosevelt to take action on the British debt crisis and the worldwide economic situation simultaneously; the two issues could not be separated.
But Roosevelt and Moley would hear none of it. The two issues must be separate and addressed in an orderly fashion. There would be time enough after March 4 for the new administration to take up these matters. The joint communique issued by the two sides after the meeting reflected Roosevelt's position on this matter.
Hoover had tried every tactic known to him to convince Roosevelt to take action before March 4, but to no avail. Yet Hoover could not, would not, give up. "I'll have my way with Roosevelt yet," he told Ted Joslin on February 1. Hoover never stopped trying, but never succeeded in this quest.