Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-06


to extend those powers to him."
said Senator Ellender in opening
the discussion. an the exercise
OF those powers IL Is TO be
hoped the President will take
Into consideration the vast re-
sources of Great Britain and
other countries now engaged In
war before extending too much
credit to carry on that war.
81 have made a study of the
debts OF the various countries
now engaged In war with Eng
land. 1 have before me that
statement, which is very inter-
esting, and I believe the In
formation it affords should be
taken into consideration when
our pocketbook, as IL were, is
open In order to help England.
COMPARES DEBTS
"Our country has an area of
-S.738.S95 square miles, Its pop
ulation Is 15O,45O, $50. including
Its outlying possessions. The
public debt of the United States
up to Sept. 80, 1910, was S44,-
214,6O4, 746.
Great Britain and Its possess
sions on the same date had an
area Of 12,880,537 square miles,
30 that the territorial area of
Great Britain and her possess
sions was four times the size of
the area Of our country. Great
Britain and her possessions had
a population OF 40. 738. 900. The
debt Of Great Britain, including
all Its possessions and also In
Guiding the amount which Is
now due TO the United States,
which aggregates, as I recall.
between four billion and five
billion dollars, Is S52,647,224,369.
I'm other words, to put the
matter In another way, the per
capita debt of the United States
and all Of Its possessions TODAY
aggregates S29S while, the per
capita debt OF the Inhabitants of
the British Isles IL SI07. do
hope that when we make ad-
vances to England those things
will be taken into consideration.
RICHER THAN L, &.
another thing. hope that
all that Is being done now by
the British possessions will be
continued to the same extent, IL
not to a greater extent, than
now prevails. In other words,
after we pass this bill I do not
want the British possessions to
assume that George or Uncle
Sam Ia going to do the work.
"Under this bill the President
has power to trade, exchange, or
barter all kinds OF property. 1t
II TO be hoped, and I know he
will. that ne will exercise that
power so that there will not be
gifts to any extent. and 80 that
we will get compensation In
some way"
II hope the senator will call
attention TO the fact" said Sem
ator Wheeler. that the British
Empire. as distinguished from
the British Islands, themselves,
has vastly greater natural re-
sources than has the United
States Of America.
HIGHER IN EXPORTS
'When people are talking
about substituting Great Britain.
the fact ought TO he called to
the attention Of the American
people that as a matter OF fact,
when we are paying something
over SIS an ounce for gold. we
are really substituting Great Brit
ain to that extent for a great
part Of the increase OF the price
Of gold.
Further to continue with
figures Of exports and imports
with respect to the United
States and Great Britain" said
Senator Ellender, "the exports
for comparable period from
the United States and all of
its possessions were S3,545,0I3,-
900, while for the British Isles
they were S5,226.995.677.%
AS TO imports, those OF the
United States and Its possessions
were S2,7OO.318 900 and the i'm
ports Of England and Its possess
sions were S6.754. 9O2,313.
These things should be taken
into consideration. IL Is not the
war itself that I, as a senator.
dread; II Is the aftermath of
war.
FEARS AFTERMATH
$50 long As war goes on we
can keep our people busy in the
factories making munitions and
other implements Of war; hut
when the smOkestacks stop
smoking. and we have an enor-
nous debt Of probably 100000
900, 900 to S125,O00, 100000. as
has been vsriously estimated.
say to you, fellow senator's. that
that will probably destroy the
very thing we are now attempt
ing TO save.
To-day. sad to say, our great
country may be penalized be-
cause II has Industrial advan-
tages unequaled by those of any
other nation in the world.
asEor tho nnxA four nr A,.n