Show Bill OUTLAWS LOAN FOR WAR Debts Must Be Paid Before Borrowing Again Plan of Measure WASHINGTON April 5 UP- UP minded European nations were under notice today from the American Ameri Ameri- cOon can congress that they will be unable to borrow for future wars until they pay what they borrowed to tofi fi fight ht the last one This high administration officials believe will be the significant effect o of the Johnson bill biU now being engrossed en grossed for r President Roosevelt's sj sig nature The bill prohibIts nn any person in the United States from sing purchasing or selling sell sell- ing bonds securities or other obliga- obliga bons of any foreIgn government or political subdivision thereof issued after the bill becomes c effective while such government or political subdivision vision default on any debt deb owed th the United States Stites government The bill does does' not affect prIvate borrowing Neither does it affect nations na na- Hons whose governments governments' are in default de de- fault on debts to private individuals |