New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-14
Need Proposes
|sritain Pay u. S.
Debt by Bonds
!. .,,e.s Matter and Must
precede Settlement of
German Reparation Bill,
Cav. The London Times
In. indemnify Too High
|, aid lie, France and Italy
Nee, Theirs With Teuton
Nate. and Destroy Them

,.fi New York Tribune Inc
ANON. Juy iS.-"were the Brit
= ..,,-r=snt or the British people
-. ,-y initiative which in Amer
-, riga; seem calculated 20 Sc
!, ,,.u Re United States Treatment.
,.,insss matter on any but 4
footing, the foundations Of
s.l-r:eau respect Nigh. be ir-
-. undermined" says II. Wick
s,.S. editor % The Tines" in
~ al hnsl article dealing with
y ..,..;.. .. the problems Of German
-, and inter-Allied indebted
y, ,,r.sa in that publication to-
H., I, re view Of "The Times as
,..,.,,S IN preliminary articles pub
- Il the last two days, the mo-
-, las cone FOR prompt and
80, reconsideration Of the whole
80. regarding both questions.
4 :, rat position Great Britain alone
49, ,.s key declares Mr.. steed.
H.. mly gateway TO the path Of
- Is through firm and courageous
{,u.-sni Of ne separations problem.
II IA. question the problem Il Eu-
L., var indebtedness is insepera-
I,.s,,sress 70 the United States must
/ s,srd ID. But in order 20 unlock
4 ! n.e the question Of British war
/ = y settled
n Against Cancellation
/ ,,rsnging the "fallacious notion"
1 isssmuch as the American nation
rlihy and its losses in war not
.Irarsbie to those OF its European
a. 1 could well afford 70 wipe of
1k,stn Indebtedness as its special
1 <-ss.ior TO the cost Of victory, Mr.
I u. says ~the sooner such q notion
4 ii;stossd the better He goes on
,r-. oct that the American Treas
4 r. a is own financial problems TO
b. rnsrking especially that the
NJ lent 10 Europe was raised from
r,xrr;ions provided by people Of all
aua. Including the now impover-
g. hrniHg community Of the Mid
hTst
Tea al is said and done" the
e. q The Times" continues, "the
Ttsr q British indebtedness 70 the
hss States is q British rather than
knsfesn question. We have in
nv! he debt and must repay. To
~ ,ti.al and interest now is un-
hf's,i17 a financial and economic
nPeissAg. But there should be no
essi.ir q our resolve 70 pay il as
80 pssslbls. BY far the most sat
Fi@'1 form q recognition would be
y Sss Of British bonds TO the United
sa's Tor tie full amount Of the in
eFk;ness such bonds 70 be redeem
y & stated intervals during a term
srs sueh as the American Treas
TAG. think most equitable.
s-lration Of such an intention
r@rrt Of Great Britain would at
- jas Anglo-American relations
eiEs,d footing and set the British
F't1rrt free TO deal in a broad
re and farsighted spirit with the
I1'isia inter-Allied Indebtedness in
hhas, 70 German PREPARATIONS"
susiy United States First
fis.,sting TO deal with the problem
rsss WED Great Britain by its Eu-
nl.t, Allies, particularly France and
HI NJ. Sieed declares that before
e sritsh government can act in this
f.s'ion there must be no such misap-
rsa'isi'n Of is motives by the Amer
az people a. 70 cause them, however
,eehssior'ly, 10 become a drag on the
Hinsh initiative, hence the necessity
Nv pfonli srrtngsnents for the issue
y prtsa bords in settlement Of the
.tufs esbi Of Great Britain to the
lsiisd States.
e'ni1g 70 The question OF the Euro
e. Alies debts 10 Great Britain
~ lirts article says:
y 80 txists q form Of currency
49, france and Italy might dis
80 asir debt Il consists OF Ger
.nfation bonds. These securities
va Of $500, OOO.0 900 represent
.1'1,neally consolidated form the
i AZ 1s German reparation debt TO
N.ea There is a growing tend
tHone the Allied financial ex-
s. ; e ,ossie ussnimity in the opinion
ysirin liability must be assessed
Nnhits figure considerably below
Present. total"
,.a.'Ssnng that the British govern
yer arranging for settlement Of
siush cebt 70 the United States,
- soggest payment Of the French,
- and Belgian debts in German
s .1oh bonds 70 be forthwith de-
f,st mys:
. ~ iEsjof part Of the inter-Allied
'i,.e11ess might be solved without
VS. Of dignity 70 any ally and
Il. ~,nan republics debt reduced by
n .lAVV,0OO,0O0' Adding thereto
s,aHsesion Of an equal proportion
,,. snl'a held bonds. "The Times"
49, nat the total Of German in
..ne's might be reduced TO q sum
- more than 100000.
'v0nd German Power to Pay
.s.sslng up his argument. Mr.. steed I
Morally Germany is liable for
49,. Va damage done-praetically q
=, ..non 80 vast and widespread /
- not within her power fully 70 /
=. 900 her misdeeds. The DELHI I
.Ions Of the Germans 70 de- /
1seir currency and 10 accumu-
! pa u foreign countries where /
@ beyond reach Of Allied credi- |
.n brought all, including the .
- - Welfare Of Germany herself. 20
~ IN which all may be lost un-
"Ieaial measures are promptly
L4tsle real progress toward the
- o. the reparation problem can
,'.s Unless it is approached, espe-
= y TIE part Of Great Britain, in
49, o. constructive sympathy
= s'eed insists that at the same
obstructive spirit is equally
II - regarding Germany. For this
II possible, he adds, Germany must
-. s'i good faith beyond question.