Bisbee daily review., 1919-02-23
ALLIES ID
 PAY DEBTS
 TO AMERICA
Suggestion That U. s. Strike Off Accounts Due From
 England and France Opp posed by Both Nations
CRr Review I.sased Mrre,

AtaN ReNleW Leased Wlre1
 WASHINGTON. Feb. 2s.-Liberty loan legislation reported to the house late today by the ways and means committee provides for the establish ment Of a sinking fund for the retire ment of government war bonds within 25 years, continues the war finance corporation so it may aid American ex- port commerce. permits further loans for the sale to foreign governments of equipment sent abroad by the United States for war purposes, and carries plans designated to stabilize the price of past issues of bonds.
 Chairman Kitchiu of the committee announced that report on the meas ure would be filed Monday and that he planned to call the bill before the house for consideration late Tuesday. after passage of the sundry civil ap- propriation bill.
 Quick Disposal Planned
 Quick disposal of the measure is planned by administration leaders for on it's passage largely depends the date of a special session. Failure of the senate to pass the bill before ad- journment March 1. Mir. Kitchen said, probably would mean an extra session by April l. Should the bill be passed at this session, he said. he did not believe it would be necessary for con gress to meet until about May 15.
 The present record of executive hearings by the committee on the leg, islatiOn, made public with the intro ductiOn of the measure, contained of ficial denial that the allies expected the United States to forgive debts resulting from loans advanced during the war.
 Officials of foreign governments have always expressed the intention of their governments to pay the in debtedneSS, and have said that they had no intention of doing anything else" Albert RathbOne. assistant sec retary of the treasury. in charge of its foreign loan bureau. told the com mittee when asked about the loans that approximate $S,5O0, 100000.
 Deny Debt Rumors
 Tt is true" he continued, there have been one or two suggestions made here by statesmen, not holding any public office. that the debts should be forgiven"
 In this connection, NIT. Rathbone presented two letters from the French high commission. officially denying that President Wilson had been ap- preached by officials. with a view to having the United States share the war expenditures of the entente from the beginning of the war,
 The prime minister has cabled an order to deny most emphatically that such suggestion has ever been made to President Wilson by any French official" declared one of the letters, while the other explained a resolu- tion introduced in the French chamber of deputies for the establishment of an international financial union among the allies to distribute the war expenses among the nations on a basis of population and the power to contribute financial support.
 French Asks No Charity
 The French government" the let ter said, "has nothing whatever to do with the project. and is not giving its support to the resolution"
 MT. Rathbone said there was noth- ing on record in the treasury sug- gesting cancellation of the obligations. and he added:
 "All the statements made by rep resentatives of the foreign govern ments-I have in mind particularly the British-have been to the effect that it would be unthinkable that their governments should not pay their debts; they say they do not want charity; that they have borrowed the money and intend to pay"
 No change in direct legislation re- garding the next Liberty loan was made by the committee in final con SideTatiOn of the measure.
 Sinking Fund Provided
 The sinking fund is provided by di- rect appropriation from the treasury of 21s per cent of the aggregate amount of Liberty bonds and notes