The Dawson news. (Dawson, Ga.) 1889-current, 1922-10-31
IoANS ARE DEBTS DUE
AMERICAN TAXPAYERS
rnrrDrATION WOULD UN
Rh[ rpHT1NE INTERNATIONAL
DcOOD FAITH-HOOVER.

ro1 EMO. O.-Repudiation OF the
,.-sde bv the United States to
loaNs nd and associated nations dur
the 49, 49, war would undermine the
ing u tsbric of information good faith
E ginorctarv Of Commerce Hoover. a
seer. sect, Of the allied debt commission,
lr'.Iarld tonight in an address here.
e''S15G4d he did not believe any pub
ne a 5i-;ai either in the United States
Iic U,,- other country, could or should
Of al. their cancellation.
apply. ,9ans are in fact debts owing
LIZ ,sxDavers," Mr.. Hoover said.
to l,, o-' we're made at the urgent re-
IN,- the borrowers and under
quJs ..nn assurance OF repayment.
t I r..vs were individual to each ma
iuC T-av have no relation to other
lo t;,r. ur TO other debts. The Ameri-
ld. ID, ,.-naver did not participate IN
can n.-s-.rn, and acquired no territory
5P" other benefits under the treaty
u All mir debtors. There is no ques-
a a. NV ". to the moral or contractual
oO a55@-l the exception OF some minor
Mount. perhaps, five per cent, | am
ananLT,;nr.d these debts can be repaid
.o" come reasonable period OF time
IL ;45o,,r realization of the oft express
W Undue strain on the debtor coun-
tr;es or the threat of a flood OF goods
;% rom debtor countries in such quanti--
~ 0 as would endanger employment OF
,ie factories and workmen OF the
4 United States.
" "h proposals for further postpone
.,.nt NJ pavment of interest for GER
,an number of years arise from the
Gsiqf that certain countries cannot
obr.icallv make these payments at
h. oreslnt time without undue strain.
4, that the poStpOnement OF interest
uonld l1ntribute to general economic
.t2biIitr and the, more rapid recovery
4 these countries in which every one
norld benefit. The British do not
make claims for such assistance from
i, and are arranging their payments.
The proposition, therefore, mar
rovs itself to debtors on the CONT
nent. Our annual payments from the
lwbole of our continental debtors would
AMOUNT TO total of about S350,0OO,-
Inn oe~ year for interest and mortl-
zston The debtors. emitting the pos
Sble five per cent, that is hopeless OF
ri colecti01 it will be found that respec-
live annual payments due to us from
different countries vary in their bur
dcr upon them from 2 to Il per cent
hi their governmental INCOME
q III there be some of these coun-
trie, that should be relieved of the
sar1uaI payments for a few years in
|order to promote economic stability,
Then there needs to be a demonstra-
ton of the facts in respect to each
Stay0ave- and to congress. The tax
paver would Naturally consider that
&hcre are other things of vastly larger
dimension, than the postponement OF
sE}50000000 a year which must march
IN advance before economic prosper
h can be secured in Europe. For eco
tonic stability requires that there
mus be such political and economic
Establishment between the states OF
Emope as will bring about an atmos-
shhera 0f peace in replacement OF an
atmosphere of war.
III America has dealt with Europe
uria- the past few years in terms OF
dea.,m. We have always given. we
lave never received. No one can deny
hat we are capable OF great sacrl-
fees and OF great generous. charity.
Re want to take part in making bet
er world. but it must be clear that
Ruices and charity from America
y 0 not themselves bring about a cure
pr those evils which gnaw at ku-
opes economic life"