Evening star., 1926-04-30
AMERICANS WILL
''PAY FRENCH DEBT
Tourists to Leave Many
Times First lnstallment This
Year. It Is Held.


sueclal Dispatch 10 The Star
SNEW YORK, April 40. 49, American n
~Surists and visitors viii spend more
sthan $40o. 600, 900 in European trips III
the next six months. or TINS sum f'
tainly the larger part Will ne lefl ~
France. Should the Senate OF Fra nee
'snd the United States ratify the denl
settlement lust arranged. France VIII
already have received from her creditor
the money 10 pay the later the hfs'
Years installment many times over.
This settlement together with the
balancing of the French budget. shoul'
20 far toward improving the trenc"
economic and business situation. " -
Z, notable fact that once Arrangement,
have been made to pay the debts o"eo
The United States the debtor nations
have found their way smoothed I"
considerable degree.
More Than Pay lntaltMents.
Americans this year will spend
enough money to more than pay Iht
installments under all the II dep'
funding agreements now ratlheo anu
the rronosed French installment Tor
,his year EXpenditures of Americans
for na ssa se TO Europe and While there
during 1926 certainly will approach
500 900 900 The installments on the
funded debts owed this country VII
total only so1O,4So.1eS, including me
$50 900 900 France is supposed to pay
the first year under the agreement
now subject to ratification.
Practically every stateroom mas neeh
engaged for weeks on All hrst-ctdss
steamships sailing from America ~
European ports up TO midEear. ne
money for these passages VIII 90 IN
large part to foreign countries, since
af
American ownership on the European
run is comparatively small 1t seems
likelv TO be still further reduced ny
The sale Of the White Star shlps 10
rurness, Witty & Co. However. the
L,eviathan and the other vessels cp.
Grated by the United States lines VIII
get a full share of the transatlantic
business this Summer. not only pc
.rsuse thev are under the American
flag. and. incidentally. the \olstead
act hut because there is no room, on
other liners.
A. r., r. Will Spend Freely.
The A. E. F has not ceased 10 ren
,Ier aid and assistance - france.
The annual convention Of the Amer
loan Legion will he held there. ana
the douShboys Of 1917 will be there,
with coin jingling Lafayette. we are
back" in every pocket.
Other European countries lndehteh
10 the United States Will beneht, hui
hardly to the extent of France. Bel
ciun is due to pay s3,S40.0o0 this hs
raj wear and certainly will reap tha'
sum in the wake Of the American IN
vasion. Great Britain must pay Sleo.-
400 900. and it is doubtful if the tour
,st trade will leave much margin over
that sum Czechosl slovakia. Italy. rs
thonia, Finland. Hungary. Latvia
Iithuania. Poland and Rumania are
obligated to pay sums ranging from
Sc. o65 900 fer Poland down to S61,ose
for Hungary.
II these latter countries do not get
he sh from tourists. they certainly
will benefit to the extent of their pay
ments from the sums carried within
their borders by their citizens return
ing from the United States. Under
the present immigrant law. about as
many European workers return to
their mother countries each wear as
come to the United States. The sums
they carry back range from $500 tn
many Thousands according To hank
ers dealing in foreign drafts snd ex
change.
AS of November Is. 1925. foreign
governments owed the United States
$1o555, ,931,579. Interest accrued and
unpaid amounted to $1.53o .ao4 .2aa.
making a total of S12 .sS5 sos.