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

Washington, d. C.-AlmOst all the
allied governments to which the Uni
ted States advanced funds during the
war have appointed special commits
sions to meet the foreign debt fund
ing commission, of which Secretary
of the Treasury Mellon Is chairman,
with view to placing this Indebted
ness on permanent basis.
Eliot WadswOrth, assistant secretary
OF the treasury, in charge Of foreign
loans gives the latest figures on all
sums owing to the United States as a
result Of the war and the pOstarmis
tice events. This schedule represents
the task to which the foreign debt
funding commission has addressed it.
self and indicates the great extent Of
the burden which rests upon the al
lies to arrange payment.
Twenty-seven nations signed the
treaty of Versailles, which officially
terminated the European war. The
United States has made loans to 20
nations. This Is an indication of the
invisible aid which the American PEG
pie gave the allied cause during the
war In addition to the visible assist
ance of men, munitions and food.
A survey of what was advanced, what
1t was used for and what has been re-
paid, should be of interest and value
Great Britain heads the list of debt
Ors. She borrowed $4,135, S1S,35S; she
has paid $250,132, 1S5 in interest, but
total accrued interest amounts to SELL
044,201, bringing the total debt due to
$4,746862.5 $50. Great Britain used
these funds In the United States buy
Ing arms and food, agricultural and
manufacturing implements, and
great variety Of other goods necessary
to the prosecution of the war She
lent other allies about S9,O00,000, 900,
so that all the money she borrowed
from the United States amounted
to only about half her advances.
France borrowed $3,34O,S57, 593; she
has paid interest of $4,000, 400; total
accrued interest is $430,049,O62 and
the net debt now due is $3, no. 9O6, $50.
Practically all of this loan was spent
in this country for munitions and sup
plies.
Italy Our Third Debtor.
Italy stands third. She borrowed
$1,649 034,05O; she has paid $57, $685.
852; total accrued interest is $243, $780,
5S3 and net debt, 1851 ,514634 She
used her money for munitions and sup
plies and to stabilize her exchange
with the United States.
Belgium borrowed $377, 123,745; she
has repaid $14,G09,0j2; total accrued
interest amounts to $51 ,391 1887 and net
debt. $42S,515,7 1873. Belgium bought
munitions and supplies in the United
States.
Russia, before the fall of the czarist
government which was our ally, bor-
rOwed $192,601 ,297; she paid interest
amounting to $7,717,333; accrued in
terest is $35,019,427 and net debt $227,-
620,72 All Russia's expenditures
were for munitions and supplies in
the United Suites
The status of this loan Is much in
doubt. The existing soviet government
recognizes none of the old debts. 1t Is
not likely Russia will be recognized
by the United States until she acknowl-
edges this debt.
SIKH In the list Of debtors stands
Poland. The loans to her were made
after the treaty because prior to that
event she was not nation. Chiefly
they were for food and medical sup
plies. She borrowed $13J, 662, S67 has
paid interest of $1,29O,G go; accrued in
terest Is $17,3S07S5 and net debt,
$153,0i0,652.
In the same class Is Czechoslovakia,
another treaty country. She borrowed,
chiefly for food, $9l ,S87, 66S; paid in
terest of $304,17S; accrued interest is
$12, 797, $40 and net debt, $104,685, 80.
Serbia, beiligerent ally, borrowed
$51, 104, 595; she has paid $636,059; ac-
crued interest is $7336,455 and net
debt, $58,441 ,051. Serbia bought mu-