Salt Lake Telegram | 1925-11-14 | Page 12 | Three Debtor Nations

t. t r Three Debtor Nations J JT 1 I T HE E amiable i le feeling that tha exis exists s Between n th the 1 1 United States s and Italy is reflected in the quick quck and friendly manner in which the the- debt commissions of the two governments cameto came cameto to agreements over the Italian war debt of It predicts stronger than anything else the continuation of a lasting friends friendship ip between these two powers The Italian an government of of- the three great reat European European Euro Euro- Epro- Epro powers who borrowed heavily from us durin during the World war js is least able to meet its obligation Notwithstanding this the Italian government accepted the terms of the United States government ana rejoiced that they vere were vere f not t more severe It is quite in contrast con with he the the attitude of the French government and f p people ople who never cease seeking better letter terms I Great Britain agreed to a war debt settle- settle T ment nt plan an whereby approximately is paid Into the United States treasury annually over a period of sixty two years fr France nce on on the s same me basis would pay annually i 1 1 France however has taken the attitude v that the payments to America and England should not exceed what she gets from Germany Ger Ger- many thany under the Dawes plan Germany di divides ides her reparations 52 per cent with F Fance 22 per cent with England Eng and 10 per percent percent c cent cent- nt with Italy With the y Da Das Dawes s plan w working working work work- rk- rk ing ng normally she would woul get 52 per cent of or enough German money to tofake I take lake care of foreign creditors without taxPayers taxpayers taxpayers tax tax- payers paying payin a cent If Italy should maintain maintain main ain tam tain the same attitude as France the former would pay America Ameria little more than 20 20 I a year England land has foreign interests and investments investments investments invest invest- ments that make possible her payments to the United States Her control of the crude rubber rubber rubber rub rub- I ber market is one one example of how that nation is able to meet her 15 payments France obtains p more than enough from American tourists Italy on the other hand gets little from American tourists ha has few foreign investments investments investments invest invest- ments to speak of and is accorded only a small mall part pait of of the G German reparations It is that Italy It-aly cannot begin to to pay as m much ch as France or Great Britain so that any any concessions cessions made that country in refunding the Hie debt to America does not mean that France has a reason to make sided one-sided demands demands de de- de mands appear logical or