Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-09-12
The HQSkin Letter 81 e : assaa
WHAT THE WORLD OWES US.

, German and Austrian prisoners in
trusted to her custody.
Roumania borrowed $3.50, 12S, 494; she
has paid $263,313; accrued interest is
S5,2S3,95S, and net debt, S41,412,453.
Roumania bought American supplies
and, at times, urgently needed this
financial assistance to pay her army.
Austria borrowed $24.055, 70S wholly
for emergency relief after the armis-
| tice. She has paid no interest and
81, 5,013 has accrued, making the net
debt $26,220,722.
The Smaller Loans
Greece borrowed $15,000,0 600; she
| has repaid S1,159.1 1913; accrued interest
amounts to $375,000, and net debt, $15,-
$4,000. This money was used largely
by Greece to stabilize her own cur
rency. Much of it was retained in the
| United States on deposit in gold, as a
currency reserve for Greek circulating
notes.
Esthonia, another. treaty country,
borrowed S13,999,145 after the armi-
| stice. She has paid no interest and
$2,OS9 ,625 has accrued, bringing the
net debt to $16,0SS, III. This was a
food loan to a large extent.
Armenia borrowed $11 ,959,917 for
food relief. She has paid no interest,
and S~1.677,356 has accrued, bringing
the debt to S13,637,174.
Finland, a treaty country, formerly
part of Russia, borrowed $S,2S1, 1926
for rehabilitation. No interest has
been paid and $1,012,436 has accrued,
bringing the net debt to $9,294,362.
Cuba borrowed ST. 800 during the
! war to assist in her military prepared
ness. She has kept her interest paid
up to date.
Latvia. a treaty country, borrowed
S5.132.2S7 for rehabilitation. She has
| paid S126,2 in interest, but $643,576
has accrued, bringing the net debt to
So. 1864.
Lithuania is a debtor of the same
| class who borrowed $4,9S1 ,62S; has
| paid no interest, although $747,244 has
| accrued, bringing the net debt to So
72S.S72.
Hungary borrowed 81. 6S5,S35 as an
emergency food loan after the war.
Interest to the extent of $202,300 has
accrued, none having been paid, so the
net debt now stands at 81, 1SS, 135.
Nicaragua, another war ally, Dor
! rowed S170,3S5. That is her net debt,
for she has kept her interest paid up.
1t is a curious fact that out 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 $3.50 She has paid
1851 in interest, S2.S6S has accrued. so
the net debt is S2S,S6S. Liberia was
a war ally and this money was used in
part to assist her in maintaining a
wireless station useful to the allied
cause.
The total lendings of the United
States amounted to the impressive
total of SO, 102.2 52.207. Total inter
est paid thus far amounts to S506.002,
100. only about one-third of what has
accrued. which is S1.422. 699.662. The
net debt to the United States, there
fore is S11.524,931 500.
The bulk of this money was lent at
) per cent interest and is payable or
demand. The commission now trying
J TO fund the debt is expected to trans
late the demand obligations into term
notes probably running over half
century or more.