Evening star., 1939-07-29
Poles Are Angered
By British Refusal
To Make Gold Loan
Warsaw Is Mystified by
Reluctance in Face of
Big Credit Program
BY RICHARD MOWRER,


chicaso Daily News Foreisn Correspondent
WARSAW. July 20 (By Radio -
A sharp outburst Of anger has been
caused here by the breakdown OF
the Anglo-Polish negotiations In
London for cash loan to this coun-
try.
Uneasy mystification as to Brit
aims true intentions in the stop
Hitler" movement is growing among
the Poles who cannot understand
why, after having loudly proclaimed
that a 100000 (s5OO,OO0, ,O00)
loan would be made available to
members of the anti-aggression
front, the British should hold back
now.
The Poles had expected a loan
totaling f30,0O0,O00 $150. 900 ,00O
this correspondent is informed from
authoritative sources. They got an
100000 t$4o, o,0OO,000) credit which
limits them to buying arms in Brit
ain, an amount which they consider
almost negligible in proportion to
their needs, especially in view of the
fact, they assert, that it would take
Britain as much as six months to
fill some of the Polish orders
notably for warplanes.
Demanded Gold Loan.
The negotiations broke down when
Poland insisted that the cash loan
should be in gold in order, first, to
cover a fresh issue Of silver money
(slver coins have almost disap-
peared from circulation due to
boarding., second. to be in a posi-
ton to make purchases abroad i'm
mediately.
The Poles had intended to use a
portion of the expected cash loan
to buy quantities of American
planes. What there is of the Anglo
Polish financial agreement, however,
limits the Poles to purchases in
Britain and to waiting months for
delivery.
The Polish reaction is best ex-
pressed in the governments news
paper, Dobry Wieczor, which says:
England does not know Poland
well-she is acquainted only with
Polish ham. Since a short time ago
she has become interested in our
country, in its army and in its econ
omy. England is accustomed to CIV
ing out loans to many countries.
And these countries are accustomed
to receiving loans from England.
Repayment of these loans is often
uncertain and among the countries
in'question Germany should be men
toned. AS for Poland, she does not
take loans. She borrows. The dis
tinction is considerable.
The Socialist newspaper Robotnik
voices the suspicion that the nego-
tiations broke down because Ger
tain financiers of the city Gondon's S
Wall Street) have not abandoned
the spirit of Munich"
Polish Anger Toned Down.
Except for the snappy statement
OF the Dobry Wieczor, Polish anger
at Britain Is toned down in the
press, largely with the purpose of
giving the Reich as little reason as
possible to rejoice over the difficult
ties which the "allies" apparently
are having in building up a non
aggression front.
The Poles rejoiced when Britain
retreated on the Asiatic front, as
suming that in so doing Britain had
decided to devote her greatest en-
ergies to the construction of a solid
rampant against expanding Ger
many. They fail to understand why
work on the project, initiated by
Britain with such gusto in March,
should slow down now. They are
convinced that the Germans will
take any sign of weakness in the
anti-aggression front as a sign to
60 ahead. Whatever happens, the
Poles assert, they will fight for their
independence, with allies or without
allies. They point out with pride
that Poland stood up to Hitler before
there was any suggestion of British
guarantee and they want the world
to know that their decision and
preparations to resist a German at
tack are not and never have been
dependent on foreign loans.
copyright, 1889, Chicago Daily News, 1nc.)