Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1922-11-11

nitions and supplies III the United
States and also used some of these
funds to meet the expenses of detain.
ing German and Austrian prisoners in
trusted to her custody.
Rumania borrowed $36, 1923, 494; she
has paid $262,313; accrued interest is
Sc, 2S395S and net debt, lap, 1853
Eumania bought American supplies
and, at times, urgently needed this
financial assistance to pay her army.
Austria borrowed $24,055, 70S wholly
for emergency food relief after the
armistice. She has paid no interest
and $2,165,014 has accrued, making
the net debt, $2622O,722.
Smaller Loans on List.
Greece borrowed $15,O00,OO0 she has
repaid $1,159,153; accrued interest
amounts to $375, 900 and net debt, $15,.
$4,000. This money was used largely
by Greece to stabilize her own cur
rency. Much of 1t was retained In the
United States on deposit In gold, as a
currency reserve for Greek circulating
notes.
Esthonia, another treaty country,
borrowed $13,999,145 after the armiS-
tice. She has paid no interest and ST.
0S9,625 has accrued, bringing the net
debt to $1G,0SS,771. This was food
loan to large extent.
Armenia borrowed ST., 959,917 for
food relief. She has paid no interest
and $1,677,356 has accrued, bringing
the debt to $13,637,174.
Finland, treaty country, formerly
part of Russia, borrowed $8,2S1 ,926 for
rehabilitation. No interest has been
paid and $1,012, 436 has accrued, bring
ing the net debt to $9,294 ,362,
Cuba borrowed $7,740,500 during the
war to assist in her military prepared
ness. She has kept her interest paid
up to date.
Latvia, treaty country, borrowed
S5,132,2S7 for rehabilitation. She has
paid $126,266 in interest, but $643,576
has accrued, bringing the net debt to
$5,775, 1914
Lithuania is debtor of the same
class who borrowed $4,9S1 ,628, has
paiu no interest, although $747,344 has
accrued, bringing the net debt to
S5,72S,S72.
Hungary borrowed $1,6S5,835 as an
emergency food loan after the war. In
terest tC the extent of $202,3 has ac-
crued, none having been paid, so the
net debt stands at $1,SS8,13
Nicaragua, another war ally, bor-
rowed $170595. That is her net debt,
for she has kept her interest paid up.
1t is curious fact that cut Of all the
score of mighty nations which have
borrowed from the United States, the
relatively small Latin-American states
of Cuba and Nicaragua are the only
ones which have kept their interest
paid up.
The least of our debtors is Liberia,
who borrowed $4,000. She has paid
1851 i'll interest; $2,86S has accrued,
SO the net debt is $2S,S69. Liberia
was war ally and this money was
used in part to assist her in maintain
ing wireless station useful to the
allied cause.
The total lendings of the United
States amounted to the impressive
total of $1O,1O2, 90, 2O7. Total inter-
est paid thus far amounts to $506, 002,-
100, only about one-third Of what has
accrued, which is $1,422, 500, 662. The
net debt to the United States, there
fore, is 81, 524,951 500.
The bulk of this money was lent at
5 per cent interest and Is payable on
demand. The commission now trying
to fund the debt is expected to trans
late tie demand obligations into term
notes probably running over half a
century or more.-Federic ]. Haskin In
the Chicago Daily News.