The Washington herald., 1922-08-02
HANDS
TIED in PROPOSED.
DEBT. CANCELLINC'
Britain Urges Throwing
Out of War Claims in
Note to 3 Nations.
Continued From Page One.

Note to 3 Nations.
Continued From Page Ore.
common enterprise (the United
states) should recover all money
lent. while another tGreat Brittany.
who RECEIVERS nothing. should be re-
CURED to pay an she has borrowed.
The requirements of America that
Britain repay her loan within rs
years through funding process.
the note said, was clearly. in ac-
cordance with the original contract
( ana his majesty's government
makes no complaint
They recognize their obligations
and are prepared to fulfill them"
the note said, but evidently they
cannot do SO without profoundly
modifying the course of procedure"
Changed Policy Reluctantly.
The note declares that Great
Britain has changed her policy with
the greatest reluctance, although
she would be the gamer II every
nation paid its debts in full
1t enunoiates the British policy
of "surrendering their share of
German PREPARATIONS. writing of
through one great transaction the
whole body of interallied indebted
ness.
II this is impossible. II is sug-
gested that Great Britain collect as
much as she rs required to pay
America.
Throughout the note emphasizes
the fact that only the United States
is demanding payment.
Rritisb securitx Demanded
% eAPia'neo' iI
Gu inc iia oiii'ies "hen she ap
pealeu 20 @ Iu'eu ioi
loans On pendii ol the otner aires,
put was ao'iseu tnai amer 'ca woui'
ieiN oniS on Sns anu
Inc mote points OUT tnat the
money owed 10 Hreat britain IN
ciuulhs that o"eu oS Germany anu
hussla' amounts 10 ABOUT S.'ooo'
ouo'Voo-at inc hTi MAJ F"'e VI an
Eau eAoHahse I-s
GIeat hL,aih 'he ,n,a
states win lhlerest since i'is'
apoue ohequarter that sum- Vi
s1,zoV,Voo'voo' ~
oddrassed 70 ,ba Tn;,ad S,atas GOV
eminent the foreign office unof-
ficially supplied a copy to Ambas-
sador Harvey as a matter of cour-
tesy.
President Rardlng's hands are
tied by Congress against the signing
of any agreement by the United
States either to cancel the allied
debts to this nation or to fund them
except as definitely stipulated by
law. This law. creating the debt
funding commission, provides that
every dollar owed us by foreign
countries must be paid.
Were It the disposition of the ad-
ministration to enter into nesotia-
tions looking toward mutual remis-
sion OF war debts among the allied
and associated powers. the President
would have to ask Congress for ms-
terial modification of the present
law To ask for such legislation.
in contemplation of wiping the in
lternational books clean of war
loans. particularly those to Great
Britain. would be politically suicidal.
If Great Britain paid. there would
De strons teellnE Oh ieniency
oppose"' Sns senao
This Is the thought OF officials
here Following receipt OF dispatches
from London reporting that Great
britain has proposed TO France.
ilaiy ana belsium her Willingness
70 cancer her reparatLohs Chains
as ailSt Nei many anu her ioahs u
- oe q
N 1T. =, 80. r. $500 So
ren,,Ia s,,hso-ihn INV
canvass or marty I.,dors +, Con-,
gress reflected how the nronosal
would he received there.
Senator McCumber, chairman Of
the Senate Finance Committee. saio.
Britain ought to be willing to do
this. At best she never will realize
more than SO per cent of what is
owed her and It will be years before
she can get that much.
Great Britain. in contrast to her
creditors. is entirely solvent She
is offering to cancel claims against
debtors on the verge of bankruptcy,
from whom she cannot collect. We
can collect from Great Britain.
"Wm Never Cancel,
"yvo ar -;,, , A..
Such n,aosura ouId - -
tbo senate avid :. naver ,,,o,,,s -
anIrovad INV tbs Amer,c., Oaan,a o :,
Senator w.tsor 90 Indian D.
pubIican snoLesm.n IN tba carata
and ,,.,bar 90 H. Eiranoa 60.
mittee surnortad MoCr,kar,s
y;aw.
Sanato- IJi.obooo,, -. Na,,o
Democrstic Iaador - ~ Ill
oninior