US Presidency
1929

The payments of the various Governments to us on account of principal and interest for 1930 are estimated at a total of about $ 239,000,000, for 1931 at about $ 236,000,000, for 1932 at about $ 246,000,000. The measure of American compromise in these settlements may be appreciated from the fact that our taxpayers are called upon to find annually about $ 475,000,000 in interest and in addition to redeem the principal of sums borrowed by the United States Government for these purposes. ALIEN ENEMY PROPERTY The wise determination that this property seized in war should be returned to its owners has proceeded with considerable rapidity. Of the original seized cash and property ( valued at a total of about $ 625,000,000 ), all but $ 111,566,700 has been returned. Most of the remainder should be disposed of during the next year. GENERAL ECONOMIC SITUATION The country has enjoyed a large degree of prosperity and sound progress during the past year with a steady improvement in methods of production and distribution and consequent advancement in standards of living.