Arizona republican., 1921-02-26
ALLIES WILL PAY
 ALL VAR DEBTS TO
 U. s. SA YS LAMONT
M organ Banker Asserts There Never Has Been Any Intention to Cancel Indebtedness
IRepubIican A. p. Leased Wirel

Republican A. p. Leased Wirel
 PHILADELPHIA, Pa, Feb. 25.-All E the allies will pay their war debts to the United States. Thomas W. Lamont, partner of J. F. Morgan S Co, who was one of the United States treasury representatives upon the American commission to negotiate peace, declared [ tonight before the Philadelphia Public Ledger forum on the peace conference. |
 q note a constant reference to some | alleged secret understanding arrived at i in Paris said the financier. between President Wilson and his advisers, on the one hand, and the French and British representatives on the other, l to the effect that allied indebtedness to the United States should in whole l or in part, be cancelled or forgiven.
 Plan Unanimously Opposed
 There ain't no such thing. From start to finish of the peace conference President Wilson and his advisers, without exception, opposed vigorously and finally any such suggestion or proposition of cancellation. There was no commitment expressed or inferred nor remote, moral or otherwise, as, to the handling of the allied indebtedness to the United States government. All the main facts in &he suggested ar rangement for the substitution of Ger man for Belgium bonds were made public at the time.
 Iic WuOlc QucSllOil Ol debts is a most important one. The American people must, in the last analysis, deternline it upon the prin- ciple of what course is best calculated to benefit the world as a whole in cluding America.
 Deprecating Americas lack of rep resentatives on the permanent repara- , tions commission, MT. Lamont said: 6lames Reparations Commission This commission, in my judgment. has been, in a considerable m ensure, responsible for the lamertable delay that has occurred in fixing the amount of German indemnity
 Our failure to name delegate for this commission has not been merely a great disappointment to our former associates in the war, but has. I be- 1 lieve. been largely responsible for the continued economic unsettlement in l Europe, with its unfortunate reflex upon our own industrial and commer- cial business"
 The s46,000. .0e0 000 which Germany
 was notified she must pay over series of 42 years by the. recent settlement | at Paris, Mir. Lamont said, if amor tized at S12 per cent and brought back
 to present values, would represent a capital sum of about thirteen billions plus whatever amount Germany has
 already paid on account.
 l NOW. If even the most moderate of | the experts figuring at Paris, he add ed, thought that Germany could nav a capital sum of 10 or 75 billion dol 1 lars so that not counting the so- called l export tax which is a part of the re- cent Paris settlement, the schedule ar
 rived at does not seem to be unrea- sonable
 Certain it is that the allied and as lsocIated powers would be delighted to receive, as a reparation. a capital sum today of $13,000, ,000,00 rather than what that sum would amount to with interest spread out over a series of
 90 Or 40 years'
 MT. Lamont dealt extensively with the discussions at Paris and the req sons for the decision to establish 2 permanent separations commission He
 questioned the wisdom of Lloyd George ana Clemenceau in insisting upon such high figures from Germany. maintain ing that the popularity of each was SC
 great at the time that they could have
 outridden, or even profited by. the ipollucal storm which would have re- suited in their two countries had they been Willing to agree to a smaller fig ure, which Germany could have paid
 and which would have gone far towarc : settling the worlds economic eondi- ltion.
 He told how General Smuts finally
 convinced President Wilson that pen
 sions should be included in the repara
 tions bill. Some of the experts. h, said, gathered in the presidents Ii
 brary and explained to him that the- , could not find a single lawyer in tn, ' American delegation who would giv,
 an opinion in favor of including pen sions, and that all logic was against it , Logic! Logic!" Mir. Lamont sai, i the president exclaimed. T don't giv, $ a dam for logic. 1 am going to in
 clude pensions"
 : There was not one of us in the room e whose heart did not beat with a lilx Q lfeeling, said MT Lamont. q am go
 ing to take this opportunity" he con
 ltinued, to say a word in general as t,
 President Wilson's attitude at tn
 peace conference. He is accused 0 having been unwilling to consult hi . colleagues never saw man nor
 ready and anxious to consult than he
 He has been accused of having bee F desirous to gain credit for himself an | to ignore others. I never saw a ma
 more considerate of those of his co : adjutors who were working immedi Y ately under him nor a man more read $ to give them credit with the othe 2 chiefs of state.
 - President Wilson undoubtedly ha e his disabilities. If it came to hors a trade, Lloyd George could undoubtedl : have ut-jockeyed him; but it seldor
 reached such a situation becaus ,f President Wilson by his manifest sin # cerity and open candor, always say IS ing precisely what he thought woul d early disarm his opponents in argu
 nent
 5. President Wilson did not have ,- well organized secretarial staff H . did far too much of the work himsel )t In execution we all have a blind spo II in some part of our eye. Presideu le Wilson's was his inability to use men