New Britain herald., 1924-12-11
DEBT STATEMENT
 PLEASES PRESS
British Papers Praise ChQrChil'S s
 SettiD sFOrth of Stand
ly Ghs Asso.l.ted PEssA

E" Ths Associated PTesk
 London, Dec. II Winston Church
 m 5 declaration, in his first speech in
 the house of commons as chanccl.
 Tor of the sXchequer. that the gov
 trnnent considers IL essential that
 any payments made by Great Brit
 A,n's debtors n Europe 10 tho Unit
 'd states should b. accompanied
 spontaneously py proporuonate rqy-
 m"nts 10 this coUntrE pleases the
 press and populAcA immensely with
 out regard 10 Tarry CT slae of peck
 e,h0ok.
 Every morning newspaper displays
 the account ot his speech more
 rromnenuv thIn anything else in
 the days neWs e'aE3tng 10 second
 place one ot th4 worst fogs n years
 which h4s Kept LOT lon lark ard .lsmai Tor more than 3s hours and which th!s morning vas still gong
 srrcng,
 1h@ chancellor 1l1 not mention any dsttor raurn hv name but al. rest every newspaper speaks Of ! rance, whose enHssarles nave Haen .'a-uss.cg the 4zt, subject in Washington Th5 press. with stgni- art so.la-tr takes t1e position that = France beg!ns raylng her debt to Amerlca !t $ orlv fair that she should at th= same time start set tAnF with Great Britain.
 The Brush position tn the popular m!e1 may he sVmmarzed as fol. .'ns Great Britain borrowed rough sl,oho, ,1o4h9 and lent twice as rHch TO her allies. She Is paving 'fr own dEbt but Is receiving noth- 1. .'R from her t=ntors. II she can +'..sct, tram her allies and Germany ! together, enough r9 n2==t -ha AmArl- 59 demands upon the public purse ''@ 7l.l be sanshel an4 will relieve
 '0 1ebtoys c: the remainder or '.s!r ooIgarlons TO her T. IS hel4
 'rA that Great Br!ralr borrowed .>' for herself but because her allies re Borrowing from her
 Y ls otyious." says tLa Morning ! ""', that we cannot bear all the 5r.A1s. d=spits the somewhat bar. r.7 Eory which ws reap fer our -''-ro>ltr At the same time, as " / a1rch.. more than hinted. this '.2'f+ c27s 1cr nish to pursue any ri--7rl'v roNrv -orard France IT F+r'a& fE=n that rhe next step lies "''h 'hs Tinted States.
 Tres-9art CctH1g4 and congress 7'@ t3red with a grave decision. h'" ha"a 70 cheese hAtween 2 pol ''r "h!cA from the party point of "" nav hE easy, and for the tirne ''~ pro1tab ble, and one which "oaeh causing +emporady en2bar- .>srnsHt will in the end rebound to '' crA1lt of the Tinted States and '''H@ for settlement and peace in the world
 Y is primarily 2 moral but it Is SO i business issue. For a too rigid rredltor suffers in the end almost as 7n0h as his unfortunate debtors"
 The Daily News says the whole question IS one of equity from every nolnt of View Of reason" and con- ''nHes Trance ls to come to some arrangement with America as 10 11scharging her debt, This country Is entitled to some share Of the pro 06"ds Great Britalns position is Cry simple and very definitely just"
 The Westminster Gazette says dis between one creditor and another would not he tolerated in private law "and fl attempted in this cass would ruin French credit n the London market"
 The Daily Graphic remarks that here is "an impression both in rance and Italy-which 1t may be hoped vii! be corrected by Mir. ~hQrchiIIs words-that their joint 1eht of :1,10o, 900 900 to US does not natter. or at'least that It's consider 'tion can be deferred to the un- specified future"
 The will to pay" the paper con- inues '!s almost wholly lacking inong the mass Of the people, and ne right to pay Is fat1y denied hy 'ors sections. Mir. ChurchilIs ts not go much a bargain ls q Eitt--s gift without parallel in hs relations Of nations II means hat we demand from the allies and -ermany only what will enable 5rsat Britain to rersv the American lAht''