davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
LEGAL NOTICES.
Il. II. STEPHENS aud A. X. BELL. Jr..
tfNrn

In THE SUPREME COURT OF THE DIS
~ trlet of Columbia, holding a District
a atier in s,,r re e9ndemnatlon Of land for
~bistrct Court RI No ss as1Notice
and Order of Publication Notice is hereby
trict Of Columbia. pursuant to the pr0vi-
SONS OF section 1905. to section 1910. in
c CT T; OF the Code Of Law for the District
court praying for the condemnation of the
iand necessary for the opening of an alley
Long fellow and M sdson s, ns IN I the Dis
trlct 81 Columbia. as shown on map or
plat filed with the said petition. as part
empanel a jury in accordance with the law
provided Tor IN such cases to assess the
damages each owner of land to be taken
may sustain by reason of the opening of the
alley IN the said square and the condemna-
ton Of the land necessary for the purposes
thereof. and to assess as benefits resulting
thereirom the entire amount OF said dam
ages, including the expense of these proceed:
of land which will be benefited by said
condemnatlon. IN the proportion that the
or parcels of land viii be benefited. as pro:
yided for, i'll and by the aforesaid Code of
il the erera th hat al aay
having any interest in these proceedings be.
and they arc hereby. warned and commanded
18th day Of March. i9s7. at 10 o'clock
m; and continue in attendance until the
ing, and confirming the award of damages
and the assessment of benefits of the Jury
to be empaneled and sworn herein: and it
Is further ordered that q copy of this no
tice and order be published twice a week
Evening star the Washington Herald and
the Washington Post. newspapers published
in the said District. commencing at least o
days before the said 18th day of March.
1927. i is further ordered that copy Of
United States marshal. or his deputies. upon
each OF the owners Of ting fee of the land
to he condemned herein as may be found by
the said marshal. or his deputies. within
the District of Columbia. before the said
18th day of March: 1927. BY the court.
JENNINGS BAILEY. Justice. (Seal) A
true copy. Test: FRANK f. CUNSINGH HAM.
Clerk. BY M. LEE ASHFORD. Asst. Clerk.
fe23 24mh2.3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
THOMAS J. OWEN SUN. AuCTIoNEERs
TRUSTEES SALE OF VALUABLE REAL
ESTATE. BEING A HOUSE AND LOT
Numbered AIh SIKH 81 S Z "

E|S'e Arm $50 Ne YE,.SLS ADi-E- nI.S -
Numbered gI5 Sixth ST. Sc.
ny virtue or q certain deed of trust re-
ss4,Ided in Iiber No. 1888 at folio So of the
Iahu records of the District OF Columbia AMI
q the request of the parties secured thereby
me undersigned will ;eIl at public auction,
" ~ ee.hCH THIRD. 1927. AT FOUR O'CLOCK
~, the following described land and
iHthises situate in the District of Columbia
.thu being lot numbered forty-one t4D in
SGuaFe numbered eight hundred and forty
I'm. !n. tS49l. as described in said deed of
NtSt. upon the following terms:
. lefflls or sale: Said property is subject to
. pflor deed of trust securing an indebted
M'ss OF SI.fS5 and said property will be sold
Sloleet to said deed of trust Indebtedness
~ hee purchase price over and above said
bfeu o. trust. one-third is TO be paid in cash
@tlu tne balance in two equal installments.
nayable IN one and two years with interest
~ the rate of q u c per annum, payable
ssmi- annually secured by second deed of trust
upon the property sold. or all cash at the
upt,on OF the purchaser. Interest and taxes
neposit OF $500 will be required at the time
~ u sale. All conyeyancing. recording, etc. at
the cost of purch aser. Terms of sale to be
compled with within thirty days from date
OF SAFE. otherwise deposit will be forfeited
ana the property resold at the risk and cost
OF the defaulting purchaser after five days
advertisement OF such resale in some news
raper published In Washington. D. c.
B. FRANCIS SAUL
NJ. 925 18th St. NV.
MILAN r BENSON.
lei 9-d&ds. exsu&hol Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
Trustees Sale of Furniture and
Equipment of Beauty Parlor
In Second and Third Floors of
Premises 1920 & Ct NV

BY virtue of a certain chattel deed of trust
dated December Z. 1926. and recorded De-
ccember g.. 1926, as instrument: "Chattels
Of deeds for the District Of Columbia. an.
at the request Of the party secured thereby,
the, note secured by said chattef trust, the
gndseersigned trustees will sell for cash at
FRIDAY. THE 25th DAY OF FEBRUARY.
Is 1927; FL, At ONE O'CLOCK PM al the goods.
of trade mentioned and described in said
chattel trust and formerly used In the conduct
of business known as . beauty parlor'' on
said premises.
JOHN =. GARDINER,
Woodward Building
FRANCIS W COOK
916 10th st. NV
EDWARD S DUVAII. Trustees.
Woodward Building.
Attorney for Party Secured.
fel92l % % "a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
AUCTION SALES.
FUTURE DAYS.
1HIO'' d WIEN q SO4N' UCIIUNEEHo'
Trustees Sale of Two-Story,
Modern, Brick Apt. House,
Furnished With Murphy Beds
and Pullman Breakfast Sets,
Known as 1923 Ripps St. NV.

BY virtue of q certain deed Of trust. dated
ment No 1l2 among the land records of
the District of Columbia. and at the request
OF the re- party secured thereby. the trustees
premliisne,s, on MONDAY; THE TWENTY;
EIGHTH II, DAY DAY. OF FEBRUARY. 1927, AT
ing described land and premises. situate in
the District Of Columbia. and DESIGNATED as
Of lots T-u In square 1873 as per plat re-
corded In the office of the surveyor for the
144.
Terms: Subject to a first trust of $40. 900
and subsequent trust of Sill 500. other
particulars to be ann ounced at time OF sale
The purchase price above said trusts to be
Conyeyancing, ., recording, etc. at; cost of
purchaser. Terms to be complied with
within thirty days. otherwise deposit for
feited and the property may be advertised
and resold at the discretion of trustees.
EDGAR d. TURNER.
WALTER E. HUTTON.
fe15-d&ds. exSu&ho1 Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
THOS. j. OWEN & SON. AUCTIONEERS.
Trustees Sale of Valuable
Three-Story Brick Dwelling,
Known as Premises No. 3349
Eighteenth St. NV.

r. BY virtue of ias ssrtatn deed Of trust dated
; 153 , recorded February 10 1925, among
thereby n,2,; the nndersiepsd trustees win sell
81 FEBRtARY. A.D! 1927. AT ro oHR
premises situate. II Che District q celnm::
Q, Of, Chaplin Browns subdivision OF ..inEle-
division recorded In the Office Of the sur
yyeyor for the District Of Columbia In Liber
restriction line and covenants Of record;
trust, for, $1,000, further particulars OF
paid in cash. 4 deposit Of $500 required
cost. Terms 70 bs complied with, within 20
the discretion of the trustees.
kkohNEHeSTE A Z R x bKfkksEp5TNrE'
fe16.1s.21.23.25.26 Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
- =, -. Trustee,
Iel9 .22.23.24 Colorado Building.


COLLATERAL SECURITY BY AUCTION.
Default having been made in the payment
A. Wagner: we will by virtue of authority
contained in the agreement depositing Ger
tam collateral as security therefor and at
piiblie auction within the salesrooms OF
Adam A. Weschler Son. No. 900 Pennsyl.
OF FEBRUARY. 1927. AT Il O'Clock
NOON, nineteen .promissory notes for one
1925 payable. respectively. on or before 5. &.
Z. g.. 8. 10. IL. IL. Is. IA. ID, 16 II, 18, 10
fred j. Chairman, payable to the order OF
Frederick A, Wagner and by him indorsed. Sc.
cured by deed of trust on. certain chat.
tells and equipment in and lease on
premises 2014 and 2o16 Florida ave. NV :.
recorded April 9. 1923. paper No. 1856.
Terms: Cash. Further particulars may be
had upon application TO the undersigned. ~
ADAM A. WESCHLER & SON.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
Bankruptcy Sale of a Large
Stock Ladies, Mems and Chill
dren's Clothing, Furnishings,
Dry Goods, Millinery, Notions,
Fixtures, ETC., at "The Four
teenth Street Style Shop"
Nos. 1920 and 1922 Fourteenth
ST. NV.

Court of the District of Columbia. holding
q bankruptcy court in re Frank Frankel,
will sell by public auction, within the above
premises ON FRIDAY. FEBRUARY
TEN O'CLOCK AM. large stock of shirts.
Underwear, Hats. Caps, Pants. Collars,
Lumberjacks. Overcoats Children's Suits
and Coats. Notions. Jewelry.. Baby Gar
ments. Spool Cotton and Silk Millinery
Bed and Table Linen. Bolt Goods Ladies'
Dresses and Coats, etc.
also
National 6-clerls check Cash Register, Floor
Cases. Counter. Window Display Fixtures. etc
The above. will first be Offered as an en-
ceiyed. will be Immediately sold in detail.
ALBERT E. sTEINEM.
Trustee
Cn1n D,,s1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
/ THos. J. OWEN & SON. AUcTIoNEERs.

rRYSFTHaF f bNEL GS two KNOWN xAFsAB K
mn lbs f FlsHT III sf HsEE StSh
5HRTtF LOT LOTT si It On IN EishTh
recorded in Lioer No. $3.50, folio 4s. et, seq.
cured thereby. the undersigned trustees viii
ja5 IF$SGEa4RRr by y IVA MShsStat
situate in the District Of Columbia, ana
designated as and being part Of lot 1852 in
ard Pleasant Plains as per plat recorded in
',e ,s;uryeS3frs office Of the District Of c.
described as follows: Beginning ' Tor the
same at the northeast corner of said lot and
ss th az thence ta south along the west line OF
line Of said alley II feet to the north line
line lo4 feet more or less. to The place '' Of
iegInning, Lots 3o2 and 303 in Kings subdi-
part Of Mt; Pleasant and Pleasant Plains a.
Ter plat of said aforementioned subdivision
rf,colTed IN the surveyors office of the Distrc'
OF Columbia IN Liber Levy Court Ia. folio 1862
excepting SO MUCH thereof was condemned
ana , taken for alley prnoses by proceedings
supreme Court of said District Said real
estate being assessed for purposes of taxa
non no ana equation as lots "GS 972 and ga
Terms: Sold subject to a prior deed of
,i, "Tt hsl ;ln OF which aud further par
paid IN CASH depSsit Of $3.50 G Featured "a q
psf Terms to be complied with within
t tifW DAYS. otherwise deposit forfeited and
the discretion OF the trustees ''''' 'e'o'' Ut
CLARENcE1 M De vEILE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
HARRY $. WOLFE
fe2I u. 2O-marl .23 Trnsfnes
THOS. j. OWEN & SON, AUCTIONEERS

TRUSTEES, SALE OF VALUABLE FOUR
STORY BRICK DWELLING. KNOWN AS
PREM PREMISES 1880 STREET NORTH
By virtue of a certain deed of trust. dated
September 10, 1925. being instrument No
IS. recorded September 1s. 1928. among the
land records of the District OF Columbia
thereby the undersigned trustees will sell
at pubic auction, in front Of the premises
Of FEBRUARY. 1927. AT FIVE PM
the following described land and premises
situate in the District of Columbia and desig.
mated az and. being. lot numbered l0s in
I; B. Ferguson's subdivision Of lots in square
212, rs per plat recorded in the office OF the
/ surveyor OF the District of Columbia. in
Terms: Sold subject to a prior deed of
trust for $6.500.0o. further particulars OF
which will be announced at time Of sale ;
paid in cash. A deposit OF $500 90 required
Conveyancing. recording. etc. at purchasers
thirty days: otherwise deposit forfeited and
the property may be advertised and resold al
the discretion Of tho trustees.
W. HAYDEN COLLINS.
N. J. WRIGHT.
fels.2I. 49, 6.@S Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
ADAM A. wEsCHLER & SON. Auctioneers.
Trustees Sale of Residential
Property, Known as 723, 723l1a
urI 72S EiUhth ST. Sc

BY virtue of 2 certain deed Or trust. dated
land records Of the District of Columbia in
f1Iber No 1918 at folio 20. and at the re-
uest of the party secured thereby the un-
dersigned trustees win sell at PUZZLE auGt i9I
fwENTY ;EiSHffJH,r t PAY OF PcFF G GeR
hose parts Of los n iga1 twenty,four
cred T nine hundred and four t904I in the
ty OF Washington, District OF Columbia;
~ three tw9,story brick ha9 3s, known as
Terms Each building with the ground
o4pied by it and used IN connecs33nno there,
deposit required on each parcel offered. one
'hird Of the purchase price to be paid in
ash. the balance n one and md two years as reg,
interest at go. secured by deed of trust
on the property, sold. or all cash. at option
Il purchsser's cost Terms to be fulfilled df,Is
wise deposit may be forfeited or the property
may Do advertised and resold at the risk and
'''' VI 'ns 'WfHAR;ToN e. LESTER.
MICHAEL J. COLBERT,
feisd&ds.cxS Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
THOS. j. OWEN & SON. AUCTIoNEERs
TRUSTEES SALE OF VALUABLE BRICK
D,WsbsLL y s;r,, 7 KNOWN IzsI AS PREMISES

1922 4th STREET NORTHEAST.
BY virtue Of certain deed of trust duly
recorded in Liber 5044. folio 1874 ct seq Of
the land records of the District of Columbia
and at the request of the party secured
thereby, the undersigned trustees will sell
at pHa RINa aufntion II i'm, front q the premises
MARCH L A.D 1927, AT THREE.THIRTY
O'CLOCK M. the following described land
lnmbb nsas and desgnnated as and being IL. 70
subdivision Of part of square T73 as per
plat recorded in the Office Of the surveyor
for. the District of Columbia in Liber 90 at
folio 1863.
Terms: Sold subject to a prior deed a
trust for 81, $50 90 and arrears in taxes and
interest. further particulars. Of which win be
announced at time Of sale: the purchase
4 deposit Of s5oo.d6 required. Conveyan c
ing recording, etc, at purchasers cost
Terms to be complied with within thirty
days otherwise deposit forfeited and the
the discretion of the trustees
ROGER J. WHITEFORD.
fe1S-d&ds. exSu&hol Trustees
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
ADAM A. WESCHLER & son. Auctioneers.
Bankruptcy Sale of Large Stock
Of Paint, Hardware, House
Furnishings, Toys Fixtures,
1927 Chevrolet Truck, ETC., at
No. 2206 Rhode Island Ave.
NE.

By virtue of an order Of the Supreme
Court of the District of Columbia. holding a
bankruptcy court In re Jack A. Fornoroff.
rupt No. 1868. the undersigned trustee will
sell by public auction; within the above
TEN O'CLOCK AN, complete new stock Il
well known nsn brands of Paint, yarnish. Lac
Tools Plumbers Supplies. Hardware. Paint
Brushes, Electric Irons. Congoleum Rugs.
Screening Ladders, Gas Range, Garden
Latest Model National, Electric six-Clerk
Scales Glass Table Counters Shelving, etc.
also practically new 1927 Chevrolet 1-ton
The above. will first he offered as an en-
tirety; and IL a satisfactory bid is not re-
Terms cash
go, E. HAYDEN GIBBS.
Ie[1, H3.&4.20.6 Trustee
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
EDUCATIONAL

nYYN Shorthand. the lightning
"1NIH system, known for its speed
N"n simplicity. reads like print
courses. THOROUGH. Boyd Graduates are
placed u the best positions: Make reserva-
9 floors. 1883 90" ST. Main 233e.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
Trustees Sale of Valuable Brick
Dwelling Known as Premises
l1O9 18th St. NV.

BY virtue, Ct q certain deed of trust dated
recorded August II. 1926, among the land
records OF the District OF Columbia. and at
undersigned trustees win sell at public auc-
ton in front Of the premises. on THURS
1927. At THREE-THlRTY PM. the fol-
lowing described land and premises. situate
as and being part of original lot 2 in square
525: BEGINNING for the same at the north
west corner of said lot and running thence
east 3S feet to the east line of said lot
thence south l6 feet; thence west 93.3S feet
to Fourth street: thence north 16 feet TO
beginning.
trust Tor So 900 90: further Particular OF
which will be announced at time of sale
the purchase price above said trust to be
paid in cash. A deposit of $500 90 REQUIRED
Conveyanclne recording. etc. at purchaser :
cost. Terms TO he complied with within
thirty days. otherwise deposit forfeited and
the property may be advertised and resold
at the discretion of the trustees
SOL HERZOG
HARRY s. WOLFE
fe21 81 28.mar1 Tsr,1u,aas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
THOS. j. OWEN & son. AUCTIONEERS.
Trustees Sale Of Valuable Two
Story Brick Store Known as
1859 P St. NV.

BY virtue of a certain deed of trust, dated
October l9, 1925. being instrument No. 161.
recorded October 70. 1926, among the land
the request Of the parties secured thereby.
the undersigned trustees will sell at public
Pay, MARCH THIRD. A d 1927. AT FIVE
r NJ. the following described land and prem
and designated as and being lot II, in
square 209. as per plat recorded in the
ofiCe OF the surveyor of the District of Co
lunba IN I.iber 30, at folio 3D.
Terms sold subject to two prior deeds of
trust. hfst. 81 10000: second. So, 900 90:
furtheF particulars of which will he an
bounced at Time Of sale: the purchase price
post OF $4,000 required. Conveyancing
recording. etc. at purchasers cost Terms
to ne complied with within thirty days
otherwise deposit forfeited and the proDerty
may he advertised and res0ld at the ,discre-
tlCn of the trustees
BETTY NJ GRAY.
foo, o., dLOulSE G. MONTGOMERY.
ie~i '-o'%o'@o-HlafI 3 Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
AUCTION SALES.
AUCTION SALES.
Future DAYS.
THos. ]. OWENS & SON. AUCTIONEERs
Trustees Sale Of Valuable Two
Story Brick Apartment Con-
tanning Four Apartments and
Known as Premises 121 10th
St. Sc.

by virtue of q certain deed of trust duly re-
corded in Liber No. 4S17, folio 447 ct seq. OF
tne land records of the District of Columbia.
hereby, the undersigned trustee win sell at
pGp}n n. AUCTION in front Of the premises. on
rt,EEBRIARY. AID 1927. AT FoUR-THIRTY
oSLOCh PM. the following described land
ana premises. situate in the District of Co
.umpla. and designated and being lot 40
~ tne subdivision made by Maybelle Norris
~ lots IN square 1072 as per plat recorded
~ Liber 90, folio 81. of the records of the
once OF the surveyor OF the District of CO.
Terms: All cash. deposit of ST 900 re-
aalred. Conveyancing. recording. etc. at pur
,nasers cost. Terms To be complied with
within thsYty days. otherwise deposit for
ieited and the property may be advertised
ana resoid at the discretion of the trustees.
LEO A. ROVER,
Surviving Trustee.
fe14-d&ds. exSu&hol
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

ADAM A. wEscHLER s. SON. Auctioneers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23
AUCTION SALES.
FUTURE DAYS.

! THos. J. OWEN & son. AUCTIONEERs.
/ TRUSTEES SALE OF VALUABLE STONE
RESIDENCE KNOWN AS PREMISES
PALS PENNSYLVANIA AVENUE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

THos. J. OWEN SON. AUcT1oNEERs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

Continued in Tomorrow's Star)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

CLYDE d. GARRETT.
TO, FRANCIS MOORE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

rHos. J. OWEN & sos. AUcTIoNEERs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

ADAM A. wEscHLER { son, Auctio
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

fe1s-d&ds .exsu&hol '"' ''''' 'i''
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

THos. J. OWEN & son. AUCTIoNEERs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

ADAM A. wEscHLER & son. Auctioneer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-23

- '"s w WHARTON z. LESTER,
MICHAEL J. COLBERT,
fetsdkds. oxSu Trustees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-05

In support of the theory that avia-
ton students, no matter what their
nationality or temperament may be,
at one point in their career of learn
ing to fly think themselves to be just
about the best airmen that ever tossed
a leg over the cockpit, Mobile Pho
Macchi del Cont di Cellere, attache
Of the Italian embassy and off-andon
student of the Potomac Flying Serv
ice, Inc, violated the orders Of his
instructor, took off alone from Hoover
Field and made a rotten landing"
The incident. which happened sew
eral weeks ago, was only one of many
such occurrences that Lowell Harding,
operating manager and chief instruc-
tor of the flying service, has expert
enced in his 10 years of flying. The
young italian, Mr.. Harding said today
has been a student at the field for
about four months.
HE has practically soloed several
times" his instructor said today,
taking off, flying awhile and landing
without any assistance from me. ="
Mr.. Harding added, however, that it
was against his principles of instruc-
ton to permit a student to solo after
the lapse of several days on the
ground and without first being
checked out.
On the day in question, the at
tache reached the field, climbed into
a Waco biplane, warmed up the en-
CINE and asked the mechanics to pull
the checks from against the wheels.
They refused and went into the office
to learn his status. In the meantime
the student asked the Waterman to
pun the checks away, explaining he
wanted to taxi around for a bit. The
Waterman obliged, the student took
the air. played around awhile and.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-05
FIRST AIRSHIP RACE IN u.
THRILLED NATION Is YEARS AGO
Boice and Stevens Historic Contest In Gas
Bags Declared Tie After Each
Travels Two Miles.

realized his departure before the ship
drew upward
Stevens at the time was making an
ascension, but had not planned to
loosen his ship from the anchor lines.
When he saw his rival navigating the
air he ordered his own craft cut loose
and followed in pursuit toward the
village of Sheepshead Bay.
Boice landed in pasture in back Of
the Sheepshead race trak and Stevens
went westward until over Coney
Island, circled and was returning when
his anchor caught in telephone wires
and his cage settled upon the cross
arms of the pole. He got to the ground
safely down a ladder.
The reporters wrote that "the honors
of first accomplishing a flight through
the air in America rested in the
balance and apparently were even, for
both ships were in the air at the same
time, both were uninjured and both
aeronauts guided their machines at
will"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-05

statement of the official purposes of
France with respect to the war debt
"a statement, incidentally which may
have been in contemplation anyhow
as a means of making more accept
able the conversion loan.
The American Government at the
moment feels that If France can re-
finance her per cent loan by borrow
ing at per cent in American markets
she is entitled to the saving of 2 per
cent as well as the benefits of her
credit position, which may ensue and
make easier her funding of the war
debt due the United States Govern
ment. Senator Borah calls attention
to the disparity between 6 per cent
interest to be paid by France on her
proposed 500, 100000 loan and the i
per cent interest which the United
States Government agreed to permit
France to pay on the war debt.
Stand ON Loans.
There is always difference in the
rate of interest at which foreign gov
ernments can borrow directly from
private investors and the rate at
which governments lend to each
other. Nevertheless, Mr.. Borah will
not accept the idea that the difference
should be as great as in this case.
The truth is governments can afford
to take longtime loans at a low rate
of interest, while private investors
refuse to lend their money except at
prevailing interest rates for CONNER
cial loans. In other words, the in
terest rate of per cent is not fixed
by the French government, which
would gladly pay IL per cent on its
new loan if 1t could float it on such a
basis. American investors are con-
stantly the judge of what interest
rates will attract their money.
The American Government itself is
refinancing its loans at rates of in
terest slightly more than per cent,
so the money actually loaned by the
United States to France when the Lib
erty bonds were sold is now being
borrowed from time to time to redeem
those Liberty bonds at rates of inter.
est in the neighborhood of per cent.
It Is not felt here, however, that Mr.
Borah is trying to make an issue of
the interest rate to be charged on the
proposed French conversion loan, but
is merely trying to compel France to
state to the world whether she intends
to ratify the Mellon Berenger agree
ment and what she intends to do if it
is rejected.
(Copyright. 1877