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Show THE JORDAN JOURNAL the Bismark Archipelago, Samoan, the two debt settlements England will Nauru and the Kaiser Wilhelm isl- l)lwe, at least at present, the best of ands. The size of these territories the bargain, due to the fact that the By Ralph Beaver Strassburger is well over 1,500,000 square miles initial payments to England will ~e and tneir potential wealth can be larger than those to America. France measured with standards equally ap: will pay Great Britain during the first ten years approximately $515,plied to India. is with those who would have disrupted France re<:eived Alsace-Lorraine 000,000. During the same period ~~m;sely interested in the question of th9 Union. In her hours of distress with a population of almost 2,000,000 she will pay America $465,000,000. Many comments have been made on f~rei n debts. He has a great in the rcent ~~ar Engl~nd had to suf- persons, with its large steel mills and attitude of the United States in the fer no such Jibes and msults as were coal mines. Besides she obtained con. g. Jn his own country and above I offQred to America in the dark hours trol of the coal mines of the Sarr refusing to comply with several requests which have been granted by thin?s else he. ~ants his c<!luntry of 1862-63 by Lord Palmerston, the valley. be nght and JUSt. Therefore, he 1prime minister and by Sir Robert Italy added to her territory at the England to France. These are known · Peel. hear to shocked .;;omewhat been expense of Austria and obtained as the transfer clau . ), moratorium , · d " h' . so recently an ally, referrimportant harbor and the safeguard clause. In contrato Uncle Sam. as Uncle Shylock . Henry Adam~ m IS E uca~I?n possession of the In addition to these distinction to the Mellon settlement, to learn that unhappy and long- ?Ives ~s a sad picture o~ the humihat- of Triestt. have the English-French debt agreement lffe:r:'ing France regards the Ameri- mg d_Jscourtesy that h1s father, t~e benefits, the peace treaties among does not require the French treassettlement as partly respon- A:mencan ambassador to Great Brit- divided German shipping gave ury to issue obligations for the and allies European the an~, .had to s.uffer a~ the hands of the fbr .her own ills. and amount of the total debt. industrial important them Such a this situation the average Amer-j British foreign office. plan Dawes The advantages. trade agreeMellon the in inserted clause It is well to remember that while asks himself .what the facts are; havof view a with drawn been has ment, much to the tdissatisfacti~ is it that America has done or\ the British government and the great the of part large a pay Germany ing the French, who are apprehensive of doing that should lead those who mass of influential Britishers were reparation. the existence of bonded obligalest so recently friends to berate her anxious to see the American Republic Nothing. Received America make it impossible for them to tions Has America broken her word? broken up, the great majority of the not has nand, other the on America, present agreement revised. the have she displayed greed? Has she French people, despite the attitude of possessions. territorial any received clause, as embodied moratorium The .,..,, ..,.,rl her foreign friends? The the .emperor, were in sympathy with She does not benefit from the Dawes in the English-French debt agreel'eTI~sre American asks what has this the north. The French people mainto solely out works which scheme, postponement the for provides ment, done that is not honorable and tained their historic attitude of the advaniage of the Eunpean allies. of payments in case of the financial in accordance with the spirit of friendship for and sympathy with "Uncle Shylock," if he were difficulties of France. Finally, the American institutions in America'> Verily, institutions and her traditions? the ogre, such as he is described in safeguard clause, which does not "' It is as an .average American, look- hour of trial. some parts of Europe, would not be form an integral part of the EnglishWhat America Spent. at the facts dispassionately and with getting nothing for the French debt agreement, but is incorsatisfied Fro~ the day of its entrance into malice and prejudice, that I billions that he had sunk into the porated in a letter of Mr. Churchill set forth here the plain story of the war until the day of the armistice . late war. addressed to the French government, debts as they appear to the great the United Sttaes spent $22,500,000,Debts. lnter-j\.llied The states that in case Germany fails to of American public opinion. To 000. This period includes one . year connection this in interesting is It up to obligations contained in the live ·living in other lands who have and seven months, so that America to point out how far the "avidity" of plan, England may consider a Dawes Jt?~aLde a study of American history spent $1,184,000,000 monthly in the imposin gone has States United the revision of the debt settlement. As On the not easy to understand. that with course of the hostilities. on the Euro- to the transfer clause, moraterium burdens unbearable ing his reputation for practicability. other hand, Great Britain spent for pean allies. At the present moment all his good nature, the Ameri- the prosecution of the war $34,000,- the inter-allied debts to America are and safeguard clause, the spokesmen of the United States have repeatedly is particularly sensitive to any 000,000 and France $24,000,000,000. distributed as follows: that in spite of the existence declared that touches his reputation These amounts were expended durGreat Britain owes to America an of bonded obligations it is quit nabeing generous and just. In 140 ing the period of four years and amount approxim~ly $10,000JOOO,of the existence of the Repub- three months, so that England spent OOO, composed of $4,500,000,000 fund- tural that America would not insist there have been only six wars and monthly 653 millions a.n d France 460 ed principal and the rest represents on an integral payment of the debt settlement in case of emergency afis the boast of the American .. that millions. These amounts do not in- interest accruing at 3 per cent. the capacity of payment of fecting everyone of these wars with the elude the loans granted by the United The indebtedness {)f France to the the French republic. Thes.e declara~10 l:ll. u1c exception of the M~ican wa1 States, Great Britain and France to United States, according to the Melwas a. moral and political prin· each other and the other belligerents. Ion agreement, is $6,800,000,000 com- tions dispose of the fairy tale that at ·stake. The very spirit of The United States spent up to the end posed of a funded principal of $4,000,- whatever fate may · befall France, country"is opposed to war for con· of the war $9,455,000,000 on loans 000,000 and interest at 1.6 per cent. "Uncle Shylock" will have his pound of flesh. or war for personal advantage. to the Allies, which exceeded th& loans Finally Italy's debt to America agThe French Gold De,osits In great majority of the citizem granted by Great Britain to the Allies gregates $2,400,000,000, of which into the world war in ·what by $1,000,000,000. England. amount $2,000,000,000 represents the Territorial Acquisitions of the believed was the same spirit. was not animated by England That funded principal. European Allies . . told now that they entered that performing a huof desire sole the Analyzing the debt of France to The three main European allied America, which has been the cause of manitarian act toward France is eviwith '.'commercial· importance ~s God and the ledger as the1r powers Great Britain France and so much controversy, we find the denced by her treatment of the gold comes to th~m as a shock! par- Italy, have derived co~siderable bene- following differences between the deposite of France with the Bank of "'~u,uu'.Y when this statement IS ut- fit from the victory over the central American-French and English-French England. It was during the war that by a ~ember of the House of powers. Great Britain acquired a debt settlement: ,T he French debt to France transferred £53,000,000 in ~n England, the cour:try territory in Africa of 930,000 squarEi England amounts to $3,000,000,000, gold to London as a collateral agaim;t more . than a~y o~her, praise? miles with a population of approxi- while France has to pay America an a loan for food and ammunition By these terri- amount of $3,700,000,000. Comparing The French who want to build up uo::r·'"'"'· f.or.. her J:Ughmmded unsel - mately 11,000,000. when she first took up a1·ms. tlilrial acquisitions she has now a con- these figures with the corresponding their gold resources, would need this tinuous stretch of British territory figures of the Mellon debt settle- gold now tMt they want to stabilize pr•eat Britain and the· American from Egypt to Cape Town. In Asia ment, Mr. Churchill said in the the franc. Yet the Anglo-French debt C1vil WaT . is · not unf.air to point out in this Mnor Great Britain obtained con- House of Commons, that while France agreement provides that the gold repossession of Great lmf•r.tion · that when Great Britain trol, in the form of mandates, of a pays 49 per cent of her total indebted- mains in the square ness to America, she pays 47 per cent Britain until France •has complied in distress in the recent war, territory covering 143,000 .'lneric.a. no matter what her motives miles with a population of 2,000,000. of her total indebtedness to England. with all her obligations resulting the At the same time he had to ad- from the debt accord, d~d go to her aid.and helped win This territory, lying mainly in war; on the other hand when Valley of Mesopotamia, contains rich mit that in spite of this seeming dis- Great Britain and the Balfour Note. was in distress in 1861-64, oil fields mostly in what is known crepancy in the percentual relation in' In 1922, when the controversy about Britain because her cotton in- as the Kingdom of Iraq. In addition ·was affected-to take the most to this, Great Britain has acquired excuse-did openly side the former German islands, such as: '. I Small .Town Stuff As much as we pride ourselves in being capable of offering the big time, big town apparel as soon as it appears-we never want it said that we use the big city tactics in th selling of our merchandise. . Small town stuff-where the hotel clerk doesn't take your head off! Small town stuff-where the man behind the count.e r isn't too busy polishing his nails to get down to brass tacks! This is a friendly store and a human one. It looks you in the eye-tells you the truth-asks you about the folks up at the house-and means it. Come in sometime ana make yourself at home. .Famous Clothing Co. "Always the Newest Styles" Utah. For United States Senator REED SMOOT For Congress, 2nd District E. 0. LE.A.THWOOD For Congress, 1st District DO~ S. COLTON For Judge of the Supreme Court ELIAS HANSON For County Conunissioners Four Year Term REUBEN DAHLQUIST Two Year Term RPLON II. LABRUM For County Att~mey WALLACE B. KELLY For Sheriff CLIFFORD PATTEN For County Clerk . ALONZO MACKAY For Cow1ty Recorder MRS . .A.URl'RA H. HIATT For County Assessor JOSEPH H. PREECE For County Auditor JAMES H. SULLIVAN Fer County Treasurer GEORGE T. JUDD For County Sw'Veyor JOSEPH BLICKENSDERFER For Senate Alonzo B. Irvine Hamilton Gardner J. Wilmer Booth, Midvale. For House M. 0. Ashton, Sugarhouse Byron D. Anderson II. Claude Anderflon, Garfield M. B. Andrus, Draper Horace C. Reck \V. A. Crane, Herriman Patrick II. Goggin Mrf!. A. J. !.~owe, Jr. R. Verne McCullough }Iilos E. Miller Mrs. Julia Smart .:\lrs. II. S. Tanner Charles L. Spiegel \Y. J. Coppin Eli:A~ S. Woodruff Ray S. McCarty PRECINCT OFFICERS ,Justice of ttie Peace SCHUYLER CALL (~nstable JOSEPII C. S~IITH DEMOCRATS For United States Senator ASHBY S~OW For Congress, 1st District ERASTUS BERGESON For Congress, 2nd District W. R. W ALI~ACE, JR. For Judge of the Supreme Court GEORGE CHRISTENSEN For County Commissioners Four Yeat· Term SAl\IUEL J. LINDSAY. Two Year Term GEORGE B. SMITH. For County Clerk W.:\f. J. KORTH. For Shet•i If BENJAMI~ R. HARRIES. For County Attorney LESLIE FRAZIER . For Colmty Treasurer STEPHEN H. LYNCH For CouRty Auditor THOMAS A. HORNE, JR. For County Assessor JOSEPH A. YOUNG. For County Recorller MISS JENNIE HARRINGTON. For County Surveyor F. G. MARGETTS. For Senate William J. Halloran. Charles B. Felt. Soren Rasmussen of Draper. For House Dr. R. J. Alexander. V. H. Richey. L. E . Despain, Granite. Mrs. Delbert M. Draper. Vere L. McCarthy. Ed Heaston, Bingham. J. E. McGinty. I. C. Thoresen. Edward M. WaltemeyM". Amos Turner, Murray. H. Grant Ivins, Murray. John D. Loftus. Mrs. D. \V. Moffat, Murray. Mrs. William M. Stewart. Mrs. Emma Thomas, Garfield. I. A. (Bert) Smoot, Sugnrhouse. PRECINCT OFFICERS Justice of the Peace II. T. MA'l".rHEWS Constable GEORGE E. NICHOLS I ,· • .... • A secret oath bound minority-The Sevens dominated the Republican County Convention and nominated the entire Republican ticket; It was a Convention of the Order of Sevens and not of the Republican Party. Strike down secret political orders. Sevens. • Do not vote for the • The slogan of their order is "All for one and one for all." They are for themselves and not for the taxpayer. Unleu you are a Seven you are out. The taxpayers have the first Sevens have call on the allegiance of office holders. usurped the Republican party organization in this County. THE CITIZEN (A Republican Paper) Octoher 9, 1926, declares"Now is the time to correct some of the mistakes because after November election it will be too late." Even a staunch Republican and outatandina- citizen like Bob Harkness could not break the slate of the Sevens in the convention of September 30th. Isn't it time for a chana-e? Vote the Democratic ticket. (PAID FO~ BY THE DEMOCRATIC COUNTY COMMITTEE) I the inter-allied debts reached an I ceive several billions of dollars as how to pay the amount of $400,000,acute state, the British government rep~rations .. The Unit.e d States has 1 000 covering the price of the wal' made a declaration incorporated in received neither tern tory nor other . stocks bought by the French govt advantages, and she does not par- 1ernment. Clemente! was anxious to ;h M lf h t . k e. a our no e, ticipate in the proceeds of the Dawes have it included in the French war ~ a IS nown _as 1~ ac~ordance With which ~reat Brit-1 plan. She spent $22,000,000,000 for debt, which would have been all the am Will collect f=om her alhe~ o~ly .as the prosecution of the European war more advantageou.s for ~ranee •... much as ~he Umted States Wlh msist to save England and France from cause she was paYJng for 1t on an anThe nual charge of $20,000,000. ?n collectJ!Ig f_rom her.. It. was r~al- junkerism. this in included not was 1zed at tnat .time, and _It I~ realized The History of the American,-French amortization in mature to was which amount, Debt Settlement. now, tha~ this decl~rat10n. IS merely 1929 a strategic move w1th a view to the • It was at the very beginning of the cancellation of the English debt to American position has always The Italian the that conference Peace the in debates recent In America. the former allies have to that been interthe that proposed delegation House of Commons, representatives debts in accordance with their settle disof the government state that Great allied debts be pooled and equally The tlieir capacity to pay. Great Brlt'!lin Britain has complied with the obli- tributed among the allies. gations imposed upon hers.elf in the United States immediately protested pays 82 per cent of her total indebtedBalfour note. The truth is that, al against this propostion of the Italian ness to America, Belgium 55 per cent, though England does not receive now delegate, who was upheld by Mr. Itahly 27 per cent and according to from her former allies more than she Klotz, the representative of the the arrangements of April 29, 1926, pays to America, yet the British gov- Fr~nch govenrment. Mr. Rathbone. the French Republic pays 44 per cent ernment does not follow the spirit the director of the American treasury , of her total intebtedness to the United of the Balfour note. British states- wrote a letter to the French delega- States. Last summer M, Caillaux came to men seem to forget that Great Britain tion, in which he set forth, among the United States, but had to leave had advanced a couple of million others: "I have to announce in the most without achieving his purpose of roubles to the Russian government, The which she hopes to recover, at least solemn form that the American treas- settling the debt of France. insisted commission debt American conferred authority absolute has partially. Yet, Great Britain makes ury France and Italy pay a portion of upon it oy Congress to decide in all that France should pay initially an the Russian indebtedness, thus im- questions relating to foreign loans installment of $40,000,000. It insistposing a heavy burden on those of and that it will never consent to any ed at the same time that there should her allies whose welfare she says she aiscussion, be it at the peace con- be no question of inserting in the ference or eliiewhere, of a project delit accord a clause making the payhas so much at heart. One must not forget in this con- whose object is the cancellation, con- ments of France dependent upon renection the facts pointed out by Sec- solidation or new distribution of the ceipts of the Dawes annuities. Amerretary Mellon to the effect that part obligations of any foreign govern- ica did not want and does not want to recognize any connection between of the billions of dollars Great Brit- ments held by the United States." When later the American govern- the inter-allied debts and the rparaain spent in the United States were expended for commercial and other ment created the foreign debt com- tion payments. They regard such a purposes. Great Britam bought in mission, the latter received . strict in- safeguard clause as a form of foreign America wheat, food, cotton and oil. structions to assure the amortiza- entanglement. The present American-French debt By being in a position to pay them in tion of the foreign war debts in 25 dollars she saved the pound from fur- yean at the rate of interest {)f 41.4 settlement does not preclude the posther depreciation. France was in a per cent. This, however, was changed sibility of France pleading temporary incapacity to pay and America grant' She had to subsequently. less favorable position. Mr. In 1922, M. Parmentier came to ing an extension of payment. buy these prime necessities through America with a financial mission. The Smoot who is a member of the for~ the intermediary of Great Britain. Mr. Churchill, in his rejoinder to upshot of his proposal toward the eign debt commission, declared on Secretary Mellon's statement, al- debt settlement was that Franc& April 1, 1926, in answer to a question of Mr. Borah, that: though he takes exception to the could pay nothing. "If they cannot pay, they will not When the United States rejected charge that England spent a part of the war loans for commercial pur- the plan of Bonar Law, the govern- pay." And he added: poses, does not questiop the ac- ment >Of Great Britain decided to send "If an unforeseen event prevents curacy of the fact that while &-ranting Mr. Baldwin to Washington with a a loan for the buying of silver, the view to conclude an arrangement. the debtor nations to fulfill their obUnited States went to the rescue of It was an important step on the way ligations, we shall not have the ri~rht the Indian rupee. If it had not been t& the settlement of the inter-allied to force them. Everybody agrees oli _ '- fl' for "Uncle Shylock's" timely assist- war debts. There was no longer any this." The situation created by the Amerance the Indian currency would not question of paying the debt within be one of the most stable exchanges 25 years at the rate of 41,4 per cent ican-French debt settlement is this: because in the meantim.e the period of In 1942 when the annuity will be the in the world. The balance sheet of the inter- amortization had been extended to 62 highest, France will have to pay years and the maximum interest set America $125,000,000. In the samll allied indebtedness is as f{)llows: year she will have to pay £12,500,Great Britain, France and Italy at 3-r;2 per cent. One after the other the debtor na- 000 to England, which computed into have received hundreds and thousands of square miles of territory, made lions sent their representatives to German currency will make an commercial and trade advanta!ges, Washington. In December, 1924, M. amount of 750,000,000 marks. In that disarmed Germany and thus rid them- Clemente! had official negotiations year Germany will pay the allies selves of the nightmare of a new 1 with the American government. 2,500,000,000 gold marks, of which (Continued on Following Pa~) German invasion. They are to re- The question at that time was only I REPUBLICANS • .o;.. The Oath Bound Order of Sevens I Mrs. Pugmire Carried Away the Refund Last Week. Who's Next - • merica a Shylock? THE CANDIDATES .. I I I • |