Show 1 I Americas America's Anchor to Wind Windward 1 IT TT T IS IS q quite ite evident that t the c. c f funding of t the e wartime loans of the United d States States' to its ts allies ames t totaling with with deferred interest payments to more th than n H is destined to tobe be become ome an exceedingly live issue in itt congress before before before be be- fore definite plans are adopted for the eventual payment payment-of of these obligations together r with within in hi- terest There Ther be be beno th America can no that t contributed contributed con con- materially in ai a financial l as well as a physical way toward winning th the war to say nothing of the hundreds of millions in hi actual g gifts for th the succoring of war stricken people of several of Ot The he countries with whom the thc United L States was allied VV j That Th-at the immense loans were gr granted freely is proved by the fact t that at the act authorizing the loans iny invested sted sted the secretary of the treasury with authority to grant grant extensions even on the interest payment payments at the rate of 5 per cent It was the desire of the American Americ gov government r lm nt nf notto not nOtto notto to embarrass its allies in their postwar reconstruction reconstruction recon recon- i period pei-iod with respect even even- evento to interest payments and nd these have not been insisted upon although it has b been en necessary Jor for the United States treasury to pay a much higher rate for foi r loans made made- necessary because of its liberality r toward its its' allies There are some who ho might be inclined to the belief that this liberality has has O Teen n overextended overextended overextended over over- extended in view of of the fact that the British government th the heaviest debtor to the United Unite States has made maae loans to countries countries' that were not directly involved in the war and now is buying g American railway securities to replace those it commandeered from fron its citizens during the war var while British h capital is being invested in many countries including ing the United States Americas America's big war var var lo ld lon loan n may be ter termed a an anan an anchor hor to windward JJ but but- it would seem that thai that anchor is dragging just a little bit J |