The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1916-05-30
AMERICA TO PAY
OUT OF DEBT IN
YEAR, IS BELIEF
Becoming Creditor Instead Of
Debtor Nation. Local
Banker Declares.

n tho furopspn w1r 'bFta on" N''r
longer. ~, tuf,d state Nil N' uI' NJ
d'ni mi every Fuun''n country 'Ill
owe u.. u, viii .pFs from 'H' borrowing
p. irt. W., l.rdirG rl'ss. and wo viii
th,u boo 70 .f'dliur nation instead ~
drh'rr un'on
so nH Trrs % r0fusor. president
NJ ~, Amafi 1u Npr0nH bank TODAY
loo di..Ia.uf the move fh0 govern
.,rt uf IugIrrt ~ COM .,l NJ" sHl' 'n
ne government American securities
l lfr'u t,tilsII hr 'Is.f owners Tho
effect of uf action. insofar sF IN"
United -ilfra Is concerned Nf ln'.Nr
snn trn would rr NJ great benefit 20
ihis sourir,
'Tne ruEu.h government several
rrufl. MOO .f'i.d uu.n u0 more ui Amer.
,,1r s".ur'',a in England 10 n'''r - "m
20 tho FH.,rrmsrt. either hN Hl" or ns
loan tfr Johnson ,at 4 great
number NJ TO- rruplc. perhaps through
% sense NJ patriotism responded and
great smouni 0f the American securities
IN ENGLAND were turned over 10 ""
government
with those sseuti,les tho Frgllsh GOV
efnmeni hna been paying m" I niied
states 'or va munitions. food ard -
fIuus other thinss that SO needed W
rt.t Enripnd paid for m" muniiion.
and other supplies bought IN ~" nl''i
states with prndu,ts NJ that country. t1i
after the usr started her factories wei"
converted into munitions fsr'ofi's ana
shs dif rni have the products =" send
tu the United states
Adonts Another Plan.
"Th~r shs rpid -" United states In
Fold iui England does nn' want '" ah.r
or ,pa much ~ her gold. aud now n"
H. YN N.
nr M, United states
$50 according ~ tho newspaper ~.
matches the government viii compel ihs
sHir ,u that government - IN American
ss,uritirs hitherto withheld ., IN" own
ere VIII THOSE securities Enrlnnd VII
nav tho United gi1ira fur the thing
sho hps housh' and W hu,ing
Ever, security that EnclAui paws over
IN the United states means lust that
much debt is b'ing paid h, the United
states. and n tho VnT lasts IN" more
,saf believe tho United states VIII h"
entirely M, ~ debit. with every European
country owing us
For several month. there has been n
constant sale On the New York ct
change NJ American securities. and that
means our country IL rapidly nluida,.
ing us deb, to England
widespread Benefits.
The action ~ tho government In
compelling sale ~ the American seruri.
tics viii result In rre,, hencn' 90 th"
people NJ our country y viii Fivc NE the
choice securities ai fHif pfirrs The New
Work exchange nov has IN unlimited
amount NJ those securities when tho
var la over ihn-c srruHilr. will he worth
= great deal more. IN m, opinion
England is not sacrificing the Nm"ti.
can securities hu' Rhe wants IN dlspoHo
NJ them In order ,o nice, her obligations.
and II II. In y way. like forced sale
Americans npV atc able 10 at real lar.
enins In American securities The p"o.
plr wl'l h. able to set more inf the se.
ruriilss after the war than they nay for
them nov
NrrnriinF tn NJ johnson. the English
government ptppnscH IN lev, special taN
nm American securities held hN her sub.
leris which is equal to about one.irnth
" the income ffrm the securities That
"a, 10 IN addition ip Rll other ta,-s The
special IT,, ps tn become effective july
and last on. year