The Waterbury Democrat., 1931-11-19

secretary of the Judicial Council of Connecticut.
 My view of separations is that the debt is economically possible of payment but that 1t is not the part of wisdom for this country to maintain it in the political land scape through insistance on the payment of the interally debts" said George P. Auld of New York, former accountant general of the Preparations Commission, last eve- ming. MT Aud was addressing a dinner meeting on the subject of cancellation of the reparation and inter ally debts.
 MT Auld went on to say in part: "Clearly, the time is past when any intelligent person or any reader of the newspapers can ask how it is that financial crisis in Europe can affect this country. The reality of international economic interde- pendence, in the most literal sense, is attested by events too recent and too striking to make it worth while to argue the matter.
 Some of our people. however, believe that the recurrence of such an experience as our recent one can be avoided by our withdrawing from the economic affairs of Eu- rope. In particular they would pull back our loans from Europe and decline to make new ones, with the object of protecting our investors from the hazards of for eign investment and preserving our from the strains incident to inter- national panics.
 Such an idea is e dream of day that is no more. The clock cannot be turned back. Our for eign loans are the financial ex- pression of a great surplus of raw and manufactured commodities which our industries now normally produce and export for sale on the world market. The loans and ex- ports are two sides of the same thing one the financial side, the other the physical side. If we are to continue to send our goods abroad 1t is economically impossi- ble that we should not make loans abroad. And we shall undoubted- ly continue to do both. We are capital exporting nation because we produce more than We can use at home. That being so, we must sell abroad or create a standing army of unemployed. The work. ings of economic law force us un- reluctantly into the world markets. and whatever the problems. what ever the pains and the hazards of foreign trade and investment, it is our destiny to meet and at tempt to overcome them."
 "As to the economic aspect or Germany's capacity to pay the debt. I am one of a numerous company who believe, with the Young com mittee, that debt involving .an average annual payment of $7.bO a head now (and less than that as time goes on and population in- creases) does not exceed the ca. pacity of payment of a nation or the immense productive power Of Germany"
 "The upshot of it all is that rep arations are played out. Germany, as I have said, has paid the equiv- alent of principal and interest on a capital sum or .400,000,0OO and the allies have paid us the equivalent O f$1.S0O. 900, 900. It is time to wash the slate clean"
 ITO this country the mainte- nance of the internal debts means nothing in comparison with our state in the stability of Europe"
 Tn Times Like These" was the topic on which Miss Katherine Ludington, national vice-president of the league, spoke at the dinner: She advocated a sane adjustment Of the ills of the depression with the American people doing their bit.
 The league offers study of liv- ing costs, women in industry, in- ternational cooperation and other things which answer the problems of depression.
 STATE OF CONNECTICUT, District
 of Waterbury, ss. Probate Court,
 November 10th, 1881.
 ESTATE OF John F sullivan. late of the Town of Waterbury. in said District, deceased.
 The Court of Probate for the Dis. trlct of Waterbury. hath limited and allowed six months from the date