Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1922-08-09
WOULD CANCEL
ALL WAR DEBTS
England Sends Note to Her Six
European Allies.
LLOYD GEORGE BLAMES U. S.
Britain Willing 20 Surrender Her
Share o. German Reparatons in
Writing OF Indebtedness Of
Allies % one Another.

Tendon. Aug. The British gov
eminent cannot treat the repayment
81 THE Angio-Amerlcau loan as % ID
were am isolated Incident in which
only the United States aud Great Brit
ain bad auy concern. says "a note add
dressed hE fhe earl az Baifuur. act
ing fUye'Ea secretary, 90 France, Italy
Jus"SIasia. Houmauia. Portugal and
Greece.
The policy favored by his majesty.
the note states. Us tkat Of surrender
Ing Great BrifaIn's share 81 German
repautluus and writing oT through
one great transaction the whole body
OF iuteraiIiei indebtedness.
Only One % Series.
This transaction. continues the note.
Is hUt one ~ q connected series Do
which Great Britain appears some
times us "a debtor and sometimes as
a creditor. n. "a says. Great Britain's
uuduuhre1 obligations as a debtor are
a. he enforced. her NOT less undoubted
rights as "a creditor cannot bee LEFT
wholly Coo allegiance.
Declaring that 90 Is rcgretfully re-
strained tn ask the French govern
mpuI Or make arrangements Tor deal
ing with fhe best ~ ability with the
Angln-Freurh loans. the British gov
eminent SAYS Go desires 60 explain
that the amount IL Interest aud re-
payment for which Il asks depends
Lee ga what France and the other al
lies owe Great Britain than what
Great Britain has 20 pay 20 the United
States.
Lloyd George Blames v. S.
The British governments decision
O. send q circular note 90 the allies
and the United States in reference to
the war debts has been discussed IN
pnIiticai and financial circles for some
days 10 is said there has been "A
strong division 81 opinion In the cab
iuet over the question and a section
90 the press sharply criticlzes the
government decision.
The Morning Post says that the
note ~in substance places upon the
United States the responsibility for
Gueat Brifain's inability % cancel or
a. treat indulgently the debts owed
this country by its European allies"
The newspaper describes the note
as brutal Co ifs purport," fearing that
Il will create "a most unfortunate TIM
preston both On Europe and America,
and Dee interpreted as an attempt to
fasteu upon the Washington govern
ment the responsibility for the nnan-
cIaI chaos in Europe. The Post reit-
crates its contention that Great Brit
ain must without delay fund and pay
the Interest on its debts 20 the United
States.
Reaches Delicate Stage.
washington. Aug. 2.-Great Brit
fans note stating that she cannot pay
her war debt 90 the United States
unless she Is paid by the allied pow
ers owing her brings the debt problem
20 an extremely delicate stage, with
possibilities 81 strained relations.
This view ~ the new turn In the
situation was quite obvious In Official
circles where press dispatches giving
the text ~ the British communication
had been discussed. The official docu-
rnent Is eagerly awaited. When that
Is iu hand. IL doubtless viii be con-
slferpd hy the war debt funding COM
mission and az the Friday meeting OF
the cabinet.