The Adair County news., 1922-10-31

! to do about it. I
S....S-.s.....
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 a view to placing this indebted
ness on a 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 peO-
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-
nai6 Shnrr16 hn Of int
/ Great Britain heads the list of debt
ors. She borrowed $4,135, 5,818,35S; she
has paid $3.50, ,132, ,1S5 in interest, but
| total accrued interest amounts to SELL
44,2O1, bringing the total debt due to
| $4,746, ,862, $50. Great Britain used
these funds in the United States buy
ing arms and food, agricultural and
manufacturing implements, and a
great variety of other goods necessary
to the prosecution of the war. She
| lent other allies about $9,00O,OOO,O00
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 $17O,304, 400: total
accrued interest is S430049.062 and
the net debt now due is 1910, ,9O6,6
Practically all of this loan was spent
in this country for munitions and sup
| plies. '...
Italy Our Third Debtor.
| Italy stands third She borrowed
/ 81, GAS, ,O34, ,050; she has paid S57 $685.
| S52; total accrued interest is $243, ,4SO,-
583 and net debt, 81, 1,S91, ,514, ,634 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 $14,6O9,O62; total accrued
interest amounts to $51, ,391 1897 and ret
debt, $42S,515, 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, 2,6O1,2 ,297; she paid interest
amounting to $7,7I7, 1888; accrued in
terest is 35,019, ,427 and net debt S227,-
$40, ,724. All Russia's expenditures
were for munitions and supplies in
the United States.
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.
Sixth 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 $135, ,S67; has
paid interest of 81, ,29062O; accrued in
terest is ST, 7,3SO,7S5 and net debt,
$153, 3,O4O,652.
In the same class is CzechOSlovakia,
another treaty country. She borrowed,
chiefly for food, SOL S87, ,66S; paid i'm
.terest of 1904, ,17S; accrued interest is
12,797.S76 and net debt, $104,6S5, ,545.
Serbia, a belligerent ally, borrowed
sol, 1896; she has paid S6S6,O59; ac-
crued interest is $7,336, 455 and net
debt, $5S,441, ,051 Serbia bought mu-
nitions and supplies in 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 $36,12S, ,494; she
has paid S262, ,313; accrued interest is
| $5,283, ,95S and net debt, S41, Az, ,453.
Rumania 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 S2,l65,O14 has accrued. making
the net debt, $26,220. .722.
Smaller Loans on List.
Greece borrowed Sl5, 100000; she has
repaid s1,159, ,153; accrued interest
amounts to $375OOO andnet debt, $15.-
s75,0oo. This money was used largely