jeanflop/post_ocr_correction2 huggingface dataset:
Was Conquered. Hulbert Houben, the German sprint champion, who has to his credit victories over Paddock and Murchison, has returned to Germany after a short competition tour in the United States, in which he did not win a single race. He says that he will go back in June for the outdoor meets and show that he can beat the best against whom they may match him. Let the Echo Answer. If a freight train at a Crossing Hits an auto fair and square There’s the freight train— where’s the auto? Echo answers, “Where?” ANOTHER AUTO RECORD CALLS Gartfield, driving a Renault racing car, set a new world's record for 100 kilometers when he covered this distance on the Linas-Montlhéry track near Paris in 31 m., 46 1/10 s. The previous record belonged to J. G. P. Thomas, 32 m., 17 62/100 s. THE RITZ RESTAURANT 15 PLACE VENDÔME LUNCHEON IN THE FAMOUS AND RECENTLY ENLARGED GRILL ROOM DINNER IN THE WORLD RENOWNED RESTAURANT. Dinner dances on Thursdays and Sundays. 18 RUE GAILLON (Opéra) DROUANT GOOD TABLE, RENOWNED COOKING THE RENDEZVOUS OF THE ELITE! NOËL PETER savoia RISTORANTE Specialty of French and Italian Cooking, Renowned Wine Cellar. 24 PASSAGE DES PRINCES 6 rue Ventadour (Av. de l’Opéra) Speciality of Lobster, Bouillabaisse. Duck and Crepe DELL'EMONICO de PARIS 39 V, rue de l’Opéra (Rue d’Antin). The Smartest Place in Town DANCING AFTER DINNER TAKE YOUR LIGHT LUNCH at W. H. SMITH & SONS (Over the Bookshop) 24S RUE DE RIVOLI PARIS 100 yards from the Place de la Concorde RACING IN ENGLAND Newbury Results. (Paris Times Spécial) LONDON, Thursday.—Highdennis scored his fourth successive victory by taking the February Hurdle Race at Newbury yesterday in easy fashion. The Newbury Steeplechase was won by Master Billie, who increased his support for the Grand National. SWINDON SELLING STEEPLECHASE.— 1. Time Hugh (5-2) ; 2. Boomerang (5-4); 3. Long Tune (100-7). FEBRUARY HURDLE RACE.—1. Highdennis (5-2 on); 2. Black Sleep (8-1); 3. Stardust (100-8).. NEWBURY STEEPLECHASE.—1. Master Billie (9-2); 2. Top Light (2-1); 3. Sprig (7-1). AMATEURS’ HANDICAP HURDLE RACE. —1. Truthful James (9-2); 2.
PRINCES 6 rue Ventadour (Av. de l’Opéra) Speciality of Lobster, Bouillabaisse. Duck and Crepe DELL'EMONICO de PARIS 39 V, rue de l’Opéra (Rue d’Antin). The Smartest Place in Town DANCING AFTER DINNER TAKE YOUR LIGHT LUNCH at W. H. SMITH & SONS (Over the Bookshop) 24S RUE DE RIVOLI PARIS 100 yards from the Place de la Concorde RACING IN ENGLAND Newbury Results. (Paris Times Spécial) LONDON, Thursday.—Highdennis scored his fourth successive victory by taking the February Hurdle Race at Newbury yesterday in easy fashion. The Newbury Steeplechase was won by Master Billie, who increased his support for the Grand National. SWINDON SELLING STEEPLECHASE.— 1. Time Hugh (5-2) ; 2. Boomerang (5-4); 3. Long Tune (100-7). FEBRUARY HURDLE RACE.—1. Highdennis (5-2 on); 2. Black Sleep (8-1); 3. Stardust (100-8).. NEWBURY STEEPLECHASE.—1. Master Billie (9-2); 2. Top Light (2-1); 3. Sprig (7-1). AMATEURS’ HANDICAP HURDLE RACE. —1. Truthful James (9-2); 2. Greenhorn (2-1); 3. Noctifer (9-2). WEYHILL HANDICAP STEEPLECHASE.— 1. Hymir (3-1); 2. Colestown (10-1); 3. Test Match (4-1). VINCENNES RESULTS Well-backed horses took all events but one at Vincennes yesterday. The only surprise was the victory of Unani in the Prix de Tarbes, in which Ulm did not even get a place. PRIX D’YVETOT.—1. Arbalète; 2. Antlia IV; 3. Arpette. Fifteen ran. Pesage (10fr.).—W.: 60. PL: 17.50, 13, 18. Pelouse (5fr.).—W.: 22.50. PL: 7.50, 6.50, 10.50. PRIX DE TARBES.—1. Unani; 2. Tempête; 3. Ugoline. Ten ran. Pesage (10fr.).—W.: 146.50, PL: 29.50, 22, 30. Pelouse (5fr.).—W.: 63. PL: 16, 14.50, 22.50. PRIX D’ORLÉANS—1. Coquin; 2, Verveine H; 3. Vinicius. Twelve ran. Pesage (10fr.).—W.: 42. PL: 19, 18, 19.50. Pelouse (5fr.).—W.: 26.50. PL: 11, 11, 49.50. PRIX D’ARRAS.—1. Uvaldi II; 2. Rumilly; 3. Sarali. Sixteen ran. Pesage (10fr.).—W.: 47.50. PL: 16, 23.50, 21.50. Pelouse (5fr.).—W.: 19. PL: 5.50, 10.50, 9. THE RESTAURANT CASENAVE IS ALWAYS AT 11 RUE SAINTE-ANNE AND IT HAS NO OTHER BRANCHES LÀ MAISONNETTE DES COMÉDIENS RUSSES Lunch. — Dinners. — Attractions. RAPHAËL ET HIS ORCHESTRA Cygest Suppers until 3 a.m. 36 RUE VIVIENNE Tel. EP 137 Youth Is Not Always Victorious in Sports. There is a popular expression
a place. PRIX D’YVETOT.—1. Arbalète; 2. Antlia IV; 3. Arpette. Fifteen ran. Pesage (10fr.).—W.: 60. PL: 17.50, 13, 18. Pelouse (5fr.).—W.: 22.50. PL: 7.50, 6.50, 10.50. PRIX DE TARBES.—1. Unani; 2. Tempête; 3. Ugoline. Ten ran. Pesage (10fr.).—W.: 146.50, PL: 29.50, 22, 30. Pelouse (5fr.).—W.: 63. PL: 16, 14.50, 22.50. PRIX D’ORLÉANS—1. Coquin; 2, Verveine H; 3. Vinicius. Twelve ran. Pesage (10fr.).—W.: 42. PL: 19, 18, 19.50. Pelouse (5fr.).—W.: 26.50. PL: 11, 11, 49.50. PRIX D’ARRAS.—1. Uvaldi II; 2. Rumilly; 3. Sarali. Sixteen ran. Pesage (10fr.).—W.: 47.50. PL: 16, 23.50, 21.50. Pelouse (5fr.).—W.: 19. PL: 5.50, 10.50, 9. THE RESTAURANT CASENAVE IS ALWAYS AT 11 RUE SAINTE-ANNE AND IT HAS NO OTHER BRANCHES LÀ MAISONNETTE DES COMÉDIENS RUSSES Lunch. — Dinners. — Attractions. RAPHAËL ET HIS ORCHESTRA Cygest Suppers until 3 a.m. 36 RUE VIVIENNE Tel. EP 137 Youth Is Not Always Victorious in Sports. There is a popular expression that “youth will be served.” Place aux jeunes! say the French. A survey of sporting records fails to indicate that these slogans can be taken with any particular degree of insistence. There are a goodly number of “old-timers” who are in a position to resent the inference that youngsters only can show class enough to stay in the higher circles of their athletic lines. AMERICAN HIGH SCHOOL WINS Extra Period Forced in Girls’ Game To Decider Issue. At the American Gymnasium in Paris last night, the first basketball team of the American High School defeated the second team of the Association Sportive Parisienne in an exciting match by a score of 20 to 12 before a packed gallery of students and other enthusiasts of the cage game. At half-time the score stood at 12 all and the referee ordered an extra five-minute period. Elizabeth Galbraith went into the game replacing Dorothy Twyelfort (captain) who had been injured, and Jean Fargeau took over the centre position. The change worked wonders and in five minutes the new combination tossed in four field goals, three of them on the three-point play, centre to Hilda Hutzel to Eleanor Cowperthwaite, the last accounting for the
can show class enough to stay in the higher circles of their athletic lines. AMERICAN HIGH SCHOOL WINS Extra Period Forced in Girls’ Game To Decider Issue. At the American Gymnasium in Paris last night, the first basketball team of the American High School defeated the second team of the Association Sportive Parisienne in an exciting match by a score of 20 to 12 before a packed gallery of students and other enthusiasts of the cage game. At half-time the score stood at 12 all and the referee ordered an extra five-minute period. Elizabeth Galbraith went into the game replacing Dorothy Twyelfort (captain) who had been injured, and Jean Fargeau took over the centre position. The change worked wonders and in five minutes the new combination tossed in four field goals, three of them on the three-point play, centre to Hilda Hutzel to Eleanor Cowperthwaite, the last accounting for the points on dead shots. For the defeated team France Morrow and Mrs. Davies showed remarkable defensive ability. Odette du Tertre shot four field goals in spite of good A.S.P. guarding. Baseball offers Walter Johnson, for years the “Big Train” of Washington, Detroit’s “Georgia Peach,” Ty Cobb, and Tris Speaker. Harry Heilmann is another old boy, and Eddie Collins. These boys can show twenty years or more on the diamond, with no kids strong enough to force them to a bench-warming job. Walter Johnson Ty Cobb Norman Brooks, the big Australian left-hander, now nearing fifty, can take on most any young tennis star of the present generation. “Long Jim” Barnes, no spring chicken, after years of battling against the best the golf field affords, now wears the British Open crown. And in wrestling we find old Stan Zbyszko approaching sixty and still tossing the youngsters. Contemporary with Stan is the Russian newcomer, Ivan Poddubny, he of the prodigious strength and mighty mustache. He has been a mat champion for twenty-five years. A few days ago a jockey, A. Murray, now about fifty years of age, started the American Turf by winning a race over the New Orleans track, while Ohio boasts
Heilmann is another old boy, and Eddie Collins. These boys can show twenty years or more on the diamond, with no kids strong enough to force them to a bench-warming job. Walter Johnson Ty Cobb Norman Brooks, the big Australian left-hander, now nearing fifty, can take on most any young tennis star of the present generation. “Long Jim” Barnes, no spring chicken, after years of battling against the best the golf field affords, now wears the British Open crown. And in wrestling we find old Stan Zbyszko approaching sixty and still tossing the youngsters. Contemporary with Stan is the Russian newcomer, Ivan Poddubny, he of the prodigious strength and mighty mustache. He has been a mat champion for twenty-five years. A few days ago a jockey, A. Murray, now about fifty years of age, started the American Turf by winning a race over the New Orleans track, while Ohio boasts of one of the finest and most active of the harness-horse trainers. Jim Barnes. Jim Barnes. And in Ohio, Steve Phillips, of Xenia, O., uncle of the noted Grand Circuit starter, young Steve Phillips. The elder is between eighty-five and ninety now, but he still draws a fine line over a trotter or pacer. NORWEGIAN EXCEL ON SNOW OSLO, Thursday.—Norway, with Kjelbotn taking first place in the fifty kilometers ski race in 3 h., 45 m., 19 s., won the feature run of the Northern Sports. The first four places went to Norway, with the Finns taking fifth, sixth, and eighth. The first Swede home ranked tenth. Youth is a wonderful thing. It is a great asset in all lines of human endeavor, but Old Joe Experience, when added to brains, is a greater thing, and don’t let the kids kid this point away. “Youth will be served,’’ but the old timers know the choice morsels! King Gustav V of Sweden, at the age of sixty-two, is playing in the handicap doubles tennis play at Norman E. Brown, Monte Carlo this week. He is not rated as a champion, but he is not putting his racquets in the museum just
a trotter or pacer. NORWEGIAN EXCEL ON SNOW OSLO, Thursday.—Norway, with Kjelbotn taking first place in the fifty kilometers ski race in 3 h., 45 m., 19 s., won the feature run of the Northern Sports. The first four places went to Norway, with the Finns taking fifth, sixth, and eighth. The first Swede home ranked tenth. Youth is a wonderful thing. It is a great asset in all lines of human endeavor, but Old Joe Experience, when added to brains, is a greater thing, and don’t let the kids kid this point away. “Youth will be served,’’ but the old timers know the choice morsels! King Gustav V of Sweden, at the age of sixty-two, is playing in the handicap doubles tennis play at Norman E. Brown, Monte Carlo this week. He is not rated as a champion, but he is not putting his racquets in the museum just because he is no longer at the accepted “athletic age.” iiiiiiaiiuiiiiiiguimmiii 1 MONTEVERDI 3 85, rue de Richelieu 3 “FRENCH AND ITALIAN CUISINE 3 Z AMERICAN BAR—DINERS 3 DINERS 3 Tel CENTRAL 29-60 3 iiiiiiBaiigiiiteiiiiisiasgiiiisiiiaiiuuBiguii AUBERGE VIEUX.COLOMBIER, 21 Rue Vieux-Colombier. Lunches dinners, open till 2 a.m. Choucroute and Fondue Suisse. au canard, 3, Rue de la Bourse. Tel. GUT. 22-85. Russian specialties. Russian Orchestra. Au petit coin, 6 Rue Feydeau, near Bourse. Specialities Turbot, Poulet Petit Coin and choice wines. Phosphates Louvre 0-0S. BELLOMO’S LONDON RESTAURANT, 9 Rue du Colisée (Elysées 93-06). Lunches, Dinners, Suppers. Excellent cuisine and renowned cellar. COQ D’OR 149 rue Montmartre and 4 rue Saint-Marc. Lunch, dinner 16frs. wine and coffee included. DELABROCHE, 23 Quai Malaquais. Lafontaise canard? Faisan Jeannette. Vins de spécialités, drouant 79 Bd. de Strasbourg (Gare de l’Est). Best oysters, fish, old wines. QUAILAIRE, 96 Rue de Richelieu Reknown for old French cooking. Excellent Touraine, Saumur, Anjou Avinés. Phoneline: Central 75-55. GRANDE BRASSERIE ALSACIENNE, 25-27, Rue de la République (25-27, Rue de la Lune) Grands Boulevards. Phone: Richelieu 96-24. Lunch, Dinners, Suppers and Alsatian specialities. L. Vonesch. Prop. RESTAURANT J. Habelt, 9 Faubourg Montmartre (near Boulevards). Just opened. Cuisine bourgeoise. Very moderate prices.
au canard, 3, Rue de la Bourse. Tel. GUT. 22-85. Russian specialties. Russian Orchestra. Au petit coin, 6 Rue Feydeau, near Bourse. Specialities Turbot, Poulet Petit Coin and choice wines. Phosphates Louvre 0-0S. BELLOMO’S LONDON RESTAURANT, 9 Rue du Colisée (Elysées 93-06). Lunches, Dinners, Suppers. Excellent cuisine and renowned cellar. COQ D’OR 149 rue Montmartre and 4 rue Saint-Marc. Lunch, dinner 16frs. wine and coffee included. DELABROCHE, 23 Quai Malaquais. Lafontaise canard? Faisan Jeannette. Vins de spécialités, drouant 79 Bd. de Strasbourg (Gare de l’Est). Best oysters, fish, old wines. QUAILAIRE, 96 Rue de Richelieu Reknown for old French cooking. Excellent Touraine, Saumur, Anjou Avinés. Phoneline: Central 75-55. GRANDE BRASSERIE ALSACIENNE, 25-27, Rue de la République (25-27, Rue de la Lune) Grands Boulevards. Phone: Richelieu 96-24. Lunch, Dinners, Suppers and Alsatian specialities. L. Vonesch. Prop. RESTAURANT J. Habelt, 9 Faubourg Montmartre (near Boulevards). Just opened. Cuisine bourgeoise. Very moderate prices. CHEZ LOUIS, Czechoslovak Restaurant. 9 R.de Surène (Close to Madeleine). Best Czechoslovak and Viennese cooking. CERNY’S RESTAURANT, 51 Rue de Port Royal (Odéon). Renowned cuisine, excellent wines. American bar. Phone Central 52-45. HELDER CRILL, 6 Rue du Helder (Louvre 51-61). Reputed for French regional dishes. THE LITTLE BROWN JUG, 15 Carrefour de l’Odéon (Latin Quarter). Real American Cooking. MONTEVERDI RESTAURANT, 85 Rue Richelieu. Best Italian cooking. Orchestra. Tel./Central 29.60. Burk orchestra. paillard, 2 Rue de la Chaussée-d’Antin. World famous cuisine. Very reasonable prices. A LA POMME A TART, 32 R. d’Hauleville. The nicest little restaurant in Paris— renowned cuisine. Tel. Louvre 50-08. TAVERNE du PANTHÉON. Lunch, Dinner, wine and coffee. 10 francs. Bd. St.-Michel, near Panthéon. Gohelins 07-42. ramy, Up-to-date restaurant and tea room. 43 Av. Wagram (Etoile), and 54 Rue des Saules (near Sacré-Cœur). RENAISSANCE, 1 Avenue George V (Place Alma). Cooking recommended Russian and Oriental dishes. Tea. Russian artistic club, 4 rue des Batignolles. Tel. Marcadet 42-17. Best Russian and French cooking. Dancing. Cabaret. Samarkand, 9 Rue Rennequin (Av. Wagram). First-class. Russian cuisine. Music. Homely atmosphere. Artistic atmosphere. spilka. 6 Rue du 29-Juillet (centre of Paris). Czechoslovak and Viennese cooking. Pilsner beer. CAFÉ RESTAURANT DE VERSAILLES, 3 Place
Carrefour de l’Odéon (Latin Quarter). Real American Cooking. MONTEVERDI RESTAURANT, 85 Rue Richelieu. Best Italian cooking. Orchestra. Tel./Central 29.60. Burk orchestra. paillard, 2 Rue de la Chaussée-d’Antin. World famous cuisine. Very reasonable prices. A LA POMME A TART, 32 R. d’Hauleville. The nicest little restaurant in Paris— renowned cuisine. Tel. Louvre 50-08. TAVERNE du PANTHÉON. Lunch, Dinner, wine and coffee. 10 francs. Bd. St.-Michel, near Panthéon. Gohelins 07-42. ramy, Up-to-date restaurant and tea room. 43 Av. Wagram (Etoile), and 54 Rue des Saules (near Sacré-Cœur). RENAISSANCE, 1 Avenue George V (Place Alma). Cooking recommended Russian and Oriental dishes. Tea. Russian artistic club, 4 rue des Batignolles. Tel. Marcadet 42-17. Best Russian and French cooking. Dancing. Cabaret. Samarkand, 9 Rue Rennequin (Av. Wagram). First-class. Russian cuisine. Music. Homely atmosphere. Artistic atmosphere. spilka. 6 Rue du 29-Juillet (centre of Paris). Czechoslovak and Viennese cooking. Pilsner beer. CAFÉ RESTAURANT DE VERSAILLES, 3 Place de Rennes, opposite Gare Montparnasse. Dinners, concerts and dancing. Warm dishes and dancing until 3 a.m. Tel. Fleurus 31-12. THE INN “LA CLOCHE.” 30 Rue St-André-des-Arts (Latin Quarter). Luxe setting. Tel. Fleurus 64-09, THO-LE-NI. Russian Restaurant and Tea Room. H Place de la Madeleine. Lunches, Tea, Dinner, Dancing, Supper with Russian artistes and music. TOPSY FISH, 11, rue Boissy-d’Anglas (Madeleine). Lunch 10frs. Dinner 12frs. VIAN, 22 Rue Daunou. A resort for Americans. Best cooking, fine cellar. Moderate prices. Tel. Central 34-41. A LA VILLE DE PETROGRAD, 1 Rue Pierre-le-Grand. Phone Elysées 41-17. Best Russian cooking. Dinner with celebrated Russian orchestra and singers. COBY TEA ROOMS. The DREYFUS Tea-Rooms. Delicious candies. Daily fashion parades at 5.15 p.m. 130 Av. des Champs-Elysées, PARIS. IRAN, Russian. Tea Rooms—Music—Singing—Artistic Salons, 7 rue de Ponthieu, Paris. Tel. Elysées 44-36. IZBUSHKA, Tea Rooms. 4-7 Russian Orchestra. Songs. Attractions, Luncheons. 12.2. 25 R.de la Michelière. Tel. 73-65. bodin. Tea and Luncheon rooms. Finest pastry and cakes. 179 Rue St. Honoré. (Near París-Royal & Tuileries.). OPEN ALL NIGHT AU PERE TRANQUILLE 16, Rue Pierre Léporc; (Halles Centrales) SUPPERS —DANCING American Bar, Renowned cellar Onion Soup his Specialty. Phone: Louvre 20-30. A si: loi M. Paite AMERICAN BAR Although
Russian artistes and music. TOPSY FISH, 11, rue Boissy-d’Anglas (Madeleine). Lunch 10frs. Dinner 12frs. VIAN, 22 Rue Daunou. A resort for Americans. Best cooking, fine cellar. Moderate prices. Tel. Central 34-41. A LA VILLE DE PETROGRAD, 1 Rue Pierre-le-Grand. Phone Elysées 41-17. Best Russian cooking. Dinner with celebrated Russian orchestra and singers. COBY TEA ROOMS. The DREYFUS Tea-Rooms. Delicious candies. Daily fashion parades at 5.15 p.m. 130 Av. des Champs-Elysées, PARIS. IRAN, Russian. Tea Rooms—Music—Singing—Artistic Salons, 7 rue de Ponthieu, Paris. Tel. Elysées 44-36. IZBUSHKA, Tea Rooms. 4-7 Russian Orchestra. Songs. Attractions, Luncheons. 12.2. 25 R.de la Michelière. Tel. 73-65. bodin. Tea and Luncheon rooms. Finest pastry and cakes. 179 Rue St. Honoré. (Near París-Royal & Tuileries.). OPEN ALL NIGHT AU PERE TRANQUILLE 16, Rue Pierre Léporc; (Halles Centrales) SUPPERS —DANCING American Bar, Renowned cellar Onion Soup his Specialty. Phone: Louvre 20-30. A si: loi M. Paite AMERICAN BAR Although the first phrase of a well-known adage is open to some discussion, the part which holds that a man is as old as his arteries still holds good. Athlètes and practising sportsmen are to be judged by what they can do, and not by a computation of only calendar importance. Sidney Punclij. CLOVIS BAR & RESTAURANT, 36, Rue Richelieu, 36 R. de Richelieu, Paris. Cocktails, American and English drinks. The Spanish Government, which at one time approved a return flight, cabled to the fliers a few days ago telling them to come to this city, pack their planes, and come home by boat. THE TOPIC OF THE DAY The Soviets Talk Business With France. WALL STREET NIGHT FLIER MAKES FAST TIME ON TRIP Terminating a series of ten trial flights between Paris and London by night, Paul Codos yesterday made the last voyage to London and return, from Le Bourget (Paris), in six hours. This fast time included a forty-minute halt for fuel. The passenger plane left Le Bourget at 6:27 p.m., reached Croydon at 9:08, departed at 9:45 and arrived at 12:25 a.m. The trip was made without incident. More than fifty passengers and ten tons of freight have
Sidney Punclij. CLOVIS BAR & RESTAURANT, 36, Rue Richelieu, 36 R. de Richelieu, Paris. Cocktails, American and English drinks. The Spanish Government, which at one time approved a return flight, cabled to the fliers a few days ago telling them to come to this city, pack their planes, and come home by boat. THE TOPIC OF THE DAY The Soviets Talk Business With France. WALL STREET NIGHT FLIER MAKES FAST TIME ON TRIP Terminating a series of ten trial flights between Paris and London by night, Paul Codos yesterday made the last voyage to London and return, from Le Bourget (Paris), in six hours. This fast time included a forty-minute halt for fuel. The passenger plane left Le Bourget at 6:27 p.m., reached Croydon at 9:08, departed at 9:45 and arrived at 12:25 a.m. The trip was made without incident. More than fifty passengers and ten tons of freight have been transported. The Soviet Ambassador in Paris, Comrade Rakovsky, and other representatives of his Government are meeting today at the Ministry of Foreign Affairs with representatives of the French Republic. The purpose of the conference is to define the relations between Soviet Russia and France, for although France recognized the Soviet Government late in 1924, no definite agreement on the relations between the two countries has been made and numerous problems remain unsolved. The major of these is financial. The Soviet Government is now realizing that to acquire new credits old debts must be paid. Imperial Russia obtained various loans in France—municipal, railroad and commercial. When the Soviets came into power, they annulled these debts. Experts estimate that French investors now hold paper to the value of about 10,000,000,000 fr. against Russia. The Soviet Government now wants credit from France, but Frenchmen are not eager to lend money to those who refuse to pay old debts. Comrade Trotsky says that since the old debts were officially annulled by the Soviet Government it cannot now pay them, for they no longer exist. However, he has made a suggestion which he hopes will satisfy all and save the Government’s face. He says:
Soviet Government late in 1924, no definite agreement on the relations between the two countries has been made and numerous problems remain unsolved. The major of these is financial. The Soviet Government is now realizing that to acquire new credits old debts must be paid. Imperial Russia obtained various loans in France—municipal, railroad and commercial. When the Soviets came into power, they annulled these debts. Experts estimate that French investors now hold paper to the value of about 10,000,000,000 fr. against Russia. The Soviet Government now wants credit from France, but Frenchmen are not eager to lend money to those who refuse to pay old debts. Comrade Trotsky says that since the old debts were officially annulled by the Soviet Government it cannot now pay them, for they no longer exist. However, he has made a suggestion which he hopes will satisfy all and save the Government’s face. He says: Suppose we borrow the sufficient sum of 300,000,000 roubles in France. Seven percent would be a fair interest. Now suppose that instead of paying 21,000,000 roubles a year, we pay 33,000,000 roubles or 11 percent. Of this amount, 12,000,000 roubles or 4 percent could be paid to the holders of paper against the former Russian Government. We would not be paying the repudiated debt but simply giving a little higher interest in order to obtain new credits which the industry of Russia sorely needs. French would be satisfied, we would receive our credits, and all would be well. Such is one proposal which doubtless will be discussed at the Franco-Soviet conference in Paris. The indications are that the greatest obstacle which the Soviets will encounter is the furnishing of satisfactory guarantees that payment will be made as agreed. France will probably press for reimbursement of the property of French citizens in Russia which was nationalized by the Soviet Government. It is not improbable that France will ask also for certain commercial concessions and insist that any loan made to Russia should be largely in the form of credit extension for the purchase of French goods. Senate Hastens Finance Measure RACING