The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-12
Frederick Hask in's Letter
WHAT THE WORLD OWES US

borrowed. chiefly for food, $751;
Ss7. e6s; paid interest Of $304, IT'S;
accrued interest Ii $12.7s7, $40 and
net debt, 500, 6S5.645.
Serbia, q belligerant ally, Dor
rowed 5l,1o4.5s5: she has paid
$e36, 059: accrued interest is
s., 33e, ASS and . net debt, $5S,44l.-
Ell. Serbia bought munitions and
supplies in the United States and
also used some Of these funds to
meet the expenses Of OBTAINING
German and Austrian prisoners in
trusted to her custody.
Rumania borrowed $36,12S,4S4;
she has paid $z63,313; accrued In
terest ID $5,2S3,S5S and net debt,
$41,412,463. Rumanta bought
American supplies and, At times,
urgently needed this financial as
sistance to nay her army.
Austria borrowed $24 ,055, 708
wholly for emergency food relief
after the armistice. She has paid
no interest and $2,166,0l3 has &C.
crued. making the net debt. $685.
220.7z2.
The Smaller Loans. 4
Greece borrowed $4,000. 0oe; she
has repaid $1.15e,1 accrued in
terest amounts to $375.000 and net
debt, $16,375,000. This money was
used largely by Greece to stabilize
her own currency. Much Of it was
retained in the United States on de-
posit in gold. as currency reserve
for Greek circulating notes.
Esthonia, another treaty coun-
try. borrowed $13,999,145 after the
armistice. She has paid no inter-
est and $2.0S9,625 has accrued
bringing the net debt to ST, 08S.77l.
This was food loan to large ex-
tent.
Armenia borrowed $11,s5s,917
for food relief. She has paid no
interest and $1,677,35e has &C.
crued bringing the debt to $13,637,-
ia.
! Finland, q treaty country. for
merly part of Russia. borrowed
| So, s81 1926 for rehabilitation. No in
terest has been paid and $1,012,436
has accrued bring the net debt to
$9,2S4.3e2.
! Cuba borrowed $7,740,5O0 during
! the war to assist in military pre-
paredness. She has kept her in
terest paid up to date.
Latvia, q treaty country, bor-
rowed $5,132,287 for rehabilitation.
She has paid $126,266 in interest
but $643,676 has accrued bringing
the net debt to $5,775.S64.
Lithuania is q debtor Of the same
class who borrowed $4,9S1 .62S; has
paid no interest, although STAT ,2A
has accrued, bringing the net debt
to $5,72s.s72.
Hungary borrowed $1,6s5,s35 as
an emergency food loan after the
war. Interest to the extent Of
$202, 800 has accrued, none having
been paid, 80 the net debt stands at
s., 88S,135.
Nicaragua, another war ally, Dor
rowed $170.3S5. 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 ma
tons 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 inter
est paid up.
The least of our debtors is Lii
IBERIA, who borrowed $4,000. She
has paid 1851 in interest; $2,S6S
has accrued, so the net debt is
$28,868. Liberia was q war ally
and this, money was used in part to
assist her in maintaining a wire
less station useful to the allied
cause.
The total lendings of the United
States amounted to the impressive
total of $10,102,252,207. Total in
terest paid thus far amounts to
$500. 002, 109; only about one-th.rd
Of what has accrued, which is
81, 422,699, 1852. The net debt to the
United States, therefore, is SILL
"a ,951 1853.
The bulk Of this money was lent
at 5 per cent interest and is pay
able on demand. The commission
now trying to fund the debt is ex-
pected to translate the demand oh
legations into term notes probably
running over half century or
more.