The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-03
US, WON'T ALLOW
GERMANY TO TAKE
DEBT OF ALLIES
By DAVID LAWRENCE.
lCopyCiSnt by tae ln:e'l:G"rce:)

Wash:nStru. N.Y. --T,.~ Ti,"'.
states government ,"nS.d..rS she uM:"d
debt OF ten billion dollars ! Just ob:.eo-
cion OF III" allies ami deems unaccNpt
Die the NugEes;:oU made p! Germany
that she taAcS il over as part pit: 1lcC;
Of rcparat:ouS to rraucc. Great Br&rtn.
italy and belgium.
This aLUtuL. on tmH part OF the
American government may LH formally
pressed Il the United States .v"r trans
mitS the recent reparatioH ?rUpnSa -
he allies as Il basis FOR discussion, ou;
.nasInuch as such Il step IS for the mo-
ment unlikely. the chanCcS are chal
america will. avoid formal ""Inurcur o.
the German proposition as i affects Cur
foreign loan.
While the Washington gCvernri"n, i
>itany irtereSt ed in the Out"vr:c ut tac
separation occot!ations hecAuS. o. the
cAr-reacn.ng eEfesi THAT :, s:ti.cnca:
would have on the worlds economic sit
uation. ti." official rit,rpc.n, N"rc Is
that tn" allies will b." Very wcl! able
ultimately 10 pa their debts 20 thc
United States. :rrsSNe"tive .; the rerar-
alton monrS forthcoming from Germany
20 the allie u is realized tl.": Il salts
factory settlement at the reruration
controversy would aSSiS: the allies ard
strengthen their uuancIa. p"we- - pay
he I'nit"d States. bur 'h"rr j. 40 dis
position 10 rrG.,-d ~" PREPARATION si:ua-
lion as affecting m" payment q: thc
allies debc 10 the Uu,;c.l Sfa,te.. re
government here regards the debt as
something between the United States
and the allies and as n no VA DEPEND
81 Win nf hn
allies may develop for the payment OF
any OF their debts. eAtesnal or ,nt"rnal.
Word From vivisni.
II became krowa today intellectually.
;has former ir"mttr N:viani on MS re-
.en; trip 20 th" Uni,ed Stacns took oc-
caslon - advise tn" American govern
nede that Franc" considers h-r debt q
just obligation ami that sA. mad every
expectation "t nayiuS = ~ ne earliest
possible moment.
The British S0"truIn~n: has S,mila.y
expressed itself in informal discussion
There have indeed BEEN no suggestions
official or unofficial. cAccpt tnat from
Germany. since the Harding adminiStra-
Ion came into power luokirE toward
the cancellation or discountinS OF any
OF tho foreign debts growing out OK
me war. Negotiations ar, about to be-
gin with Great Britain Tor thr funding
Of the Interest and principal in such q
way as will enable Great Britain to
distribute her aunu:A payments TO the
satisfaction OF the United States. Al
though the British cannot pay much
;ter on the interest or principal for
tho next few years. our government Is
,ju.st as we'll ples sod because any huge
.kh hihsrs,ss-ypf sold woui.l tend to urba'-
;lncs international exchange and weaken
ihr power ot Europeans :" buy Ameri-
ran products. A. exchange gets
Strengthened oat more payments will
come into the treasury from abroad hu:
'he public can hardly expect re ad-
NapceS from tho allies 70 D.. OF Suhicinrt
size during tn" next few Years 70 alter
The American income tax rat" The
next genera tior alone will br0sn, from
the allied payments thouSh !, Is quite
possible the treasury will some da:: is
~ue securities baS"i urou ,hH British
and allied promises ami ;h:,t ;he Amarl-
can investors VIII thu$ :'l!c,- tna
treasury OF its burden.