The Idaho Springs siftings-news., 1920-04-02

- AttcO oIdteS IurniSu Tue money
for the countries of Europe to do
business that would take business
away from this country
where did the $4,000, 100000
come from that we loaned to the
allies?" asked Ruth.
II am glad you asked that ques-
ton Ruth" answered her Uncle,
''becAuse it just shows how i'm
possible it would be for us to can
Gel these loans. The $4,000, ,OOO,-
600 has not yet been paid and
when it finally is it will be paid by
you and me and all the people of
the United States who bought
bonds"
"What would happen if we can
eel this debit" asked Jack.
"The first thing that would hap
pen would be the forming Of some
plan to raise S1O,OOO,OOO,OOO in
this country. 1t might mean an
other issue of bonds, like Liberty
and Victory bonds or it might
mean more taxes on things we eat
and wear and use every day of our
lives, or both. In other words.
kiddies, the matter is very SIMPLE.
We loaned this money to the allies
to help them win the war. They
knew that they were to pay in
terest and in time pay it all back.
The United States would expect
to do the same. Not counting
these loans, the war cost the
United States about $25 600, ,OOOO 900
and if we cancel the S1O,OOO,OO0,-
600 loan, then the war cost us those
two amounts added together which
make S35,O0O,OOO,OOO. 1t really
would mean more than 535, 900, !
ooLno for9we wo,.ld have been
without that money for many,
many months and would have lost
the interest besides. Here is
another important thing for you
to remember The Senate has
again killed the peace treaty with
the world club plan and it is now
up to President Wilson as to what
will be done. The greatest dam
ger of our joining the world club
has passed but there still is a
chance that the idea, at least, will
have to be fought. If, with Eng
land having six votes to our one
in the world club, she should de-
eide that she would not pay back
this money, we would have little
to say. That shows you again what
a dangerous plan it is"
Hasn't England a lot more land
than she had before the WARP"
asked Jack.
Yes indeed" answered Uncle
Ted. at has been said that Great
Britain has gained nearly 1,OOO,-
900 square miles of land by the
war. The largest part of this is
in Africa. Probably the richest
land. thatsis land with great mines,
ETC.. is located in German South
west and German East Africa.
This land which was given to
Great Britain as part of her share
in the victory over the Germans,
formerly belonged to Germany
All of these land gains mean that
Great Britain has more land to
mine, more land upon which to
plant things and, of course, that
means more money in the end for
she will have lots of things to sell
to the rest of the world that she
never had before"
"Then why should she ask the
United States to cancel the money
loaned her?" asked Ruth.
"That is just the point. There
is no reason in the world why
Great Britain cannot pay this debt.
She has made gains by the war
while we have not taken anything.
American boys fought, died and
were wounded helping to fight
the Germans and American money
was spent for the same purpose.
The United States is having her
troubles in getting back to bust
npss as IT Uaa haforn the uar and