The Hartford republican. (Hartford, Ky.) 18??-1926, 1921-02-18

-5hODld continue 10 lenu money u
European nations where credits had
tosen allocated, but not employed. He
argued, it was learned, that these
credits we're established prior to the
,sarmis1ice or under agreements made
during the war and that the nation
is morally bound to fulfill them.
Only successful conclusions of the
ocourt action brought by William RAN
aloiph Hearst, or the expiration of the
present administration before he is
able TO accomplish his purpose, it
1yould appear, can prevent Mr..
Mansion from accomplishing his pur-
,1cse, which is directly contrary to
The letter and the spirit of the
Liberty loan law.
Reed To Push Bill.
Following the meeting of the COM
--nittees. Senator James Reed said he
gEIu make most. vigorous efforts on
Monday to obtain action on his bill,
which would cancel all war loan legis-
slation AND prohibit the advance of adj
sfnion1l money to foreign nations
anSier any circumstances whatsoever.
Secretary Houston came before the
,s-nnIni ttee at his own request to ex-
1lLsin The Treasury Departments poll
-sz.y in reference to foreign loans,
sNhizh has been made the subject of
S0Ur resolutions of inquiry introduce
as7 in the Senate during the last two
WEEKS The Treasury always has
bern Irrevocably opposed to the re-
mission of allied debts, and all for
aiEn overtures toward that end have
ahen summarily rejected, he testified.
notwithstanding this unrsponsive
ak nude of the Treasury, the propo-
sails have been pressed, Secretary
HoDston asserted. France, he said,
Inisjated the movement at the peace
conference, when the French minis
ter of finance submitted the formal
Dnsp3sition that the United States
sshHVlld waive all claim for the pay
goreme Council to adjust them
AItho this proposition, which, he
told the committee, naturally found
TzEor with all the other debtor ma
8 tions." was flatly rejected by the
Treasury, efforts for it's reconsidera-
tion, he added, "have been going on
ever since" Great Britain, he tes-
tilted, had lent her weight to the pro-
posaI generally, altho her own nego-
tiations for the cancellation of the
loans have been undertaken indie
,pendently of the French.
Secretary Houston's testimony
consumed nearly three hours in which
the whole loan question was thoro-
: ~ explored. He read a long paper
(Which he had prepared in advance,
setting forth all the data in his pos
session regarding the loans and the
proposals from foreign governments
for their remission.
HAfferward members of the commit
zee said the secretary had fully cor
roborated the statement made by
Austin Chamberlain, chancellor of
.&hs British exchequer, in a recent
speech at Birmingham, England, that
Great Britain had formally asked for
she cancellation of her debt to the
limited States and had been refus-
ed
The only variance in the secretary's
Testimony, it was stated, is that he
asserted the British proposals had
been renewed, whereas Chancellor
Chamberlain declared in his speech
they ceased with the first attempt.
Would Continue Loans.
The secretary, it was learned fur
1ther, reiterated intention expressed in
mis- recent letter to Senator Lodge in
reply TO the Walsh resolution of in
4niTy, OF proceeding with fulilllment
Of loans to European nations, where
credits have been allocated but not
employed.
This reiteratiOn was regarded as
'ESSiglally significant by the members
or snR committee because of the &C
lion taken in the local courts yester-
day by 81 iliari Randolph Hearst TO
-asstrain hin from making these loans
The allegation was made by Secre-
ElI1y Houston that these contracts
yRelx made before the signing Of the
sarnIistice or during the progress uf
sFarRa tIat the government Is com
mitted TO their fulfillment as a mat
-er OF honor. His remarks, it was
said, indicated this will be the sub