The Washington herald., 1920-02-02
BRITAIN WILL
NOT ASK LOAN
FOR OWN USE
Cha rges d'Afaires Lindsay
Writes Explanation to
Secretary Glass.

Secretary Glass yesterday made
public a letter received from the
British, Charge d'Affaires explaining
Great lsritain's attitude with respect
to further loans from the United
States. The British government does
not contemplate fresh borrowing in
the Unit ed States. but does contem-
plate rel ief measures such as the
$50. .OOO,Oct relief proposal for Poland,
Austria and Armenia which Secre-
tary Glass recently submitted to Con-
gress-
In maxi ng public the letter of the
British Charges. r. c. Lindsay, Sec
retary Gluss said it shows a substan-
tial agreealent between the two gov-
crnments with respect to finance. Mr..
Lindsay's letter follows:
Sir: 1 aan desired by my govern
ment to nj AXE the following state
ment to yo,I:
In view Of repeated allegations in
the press thtrt the British government
desire to borrow large sums in the
United States. His Majesty's gov
ernment stane that as has been ex-
planned more-than once in the British
parliament it, is entirely contrary to
the policy of the British treasury to
incur a fresh Indebtedness in the
United States. Sinces June, 1919, the
whole expenditure of the British
government in the United States was
financed without fresh borrowinb and
the first steps have been taken to re.
duce outstanding indebtedness. The
loan issued in the marget on Novem-
ber l, 1919. by the British government
was issued for she purpose safely Of
meeting maturing Indebtedness.
ConfusiGn I'm Press
Some confusion seems to have
arisen out of the fact announced in
the press, both in Great Britain and
the United States, that the British
government has invited the CO.
operation of the governments of
other countries. and in particular of
the United States. with them in
joint action for further measures
Of. relief and RECONSTRUCTION in the
suffering parts OF Europe. Any
such measures. N finally agreed
upon. must Obviously involve no
further borrowings by the people of
the United Kingdom from the Unit
ed States and such other countries
as take part in the Joint action con-
templated to countries reqsiring as
sistanee."
Secretary Glass relief measur.
for Poland, Austria and Armenia
probably will come up in the House
today. There is much, opposition to
the bill. This opposition already
has resulted in causing the WAYS
and Means Committee to cut the
appropriation from s125.000, 900, as
urged by Secretary Glass. to SSv,-
100000. Some Democrats and many
Republicans are prepared for an at
tack even on the $50, 1000, 900 apnro-
priation. The charge will be mao.
that under the mantle of charity the
United States is being urged to take
the first step toward keeping peace
in Europe and preventing possible
invasion of the territory of a mem
Der of the league, although the
United States has not yet Joined the
league, and although the nations
that have Joined the league have
as yet made no contribu ton for the
purpose which the United States is
being called upon to uphold.
situation I'm Committee.
committee: Six of. the eight DEM
ocrats present favored s12S0o0, 900
being authorized. Kitchen Of North
Carolina and Garner of Texas op-
posed any more loans to Europe.
but were willing to vote for the use
Of $5O.00O.oo0 profits of the Grain
Corporation, which was made out
OF sale of grain to Europe. because
OF evidence that thousands of men,
women and children in famine dis
tr1cts of Europe are starving and
viii die unless the United States
supplies them with food. The Re-
publican members were opposed to
and relief beyond $50. 200, 900. Mo-
tions by the six Democrats for SIPS
100000, sloo.ooo.ooo and SIS .oos, 900.
respectively, Were voted down, and
by vote of two to one the $50. oeO.-
ooo loan was agreed upon. The sIx
Democrats then made the agree
ment unanimous with the reserya-
ton thta amendments increasing The
amount to fun $125. ooo, 900 Urged