Show OEM REM T 0 IRE collections IT IS 18 BELIEVED ENGLAND CAN PAY installment ON AC COUNT OF INTEREST czecho slovakia may remit some but francs france and some others othen are not in position to do anything now tona tito the whose function it la Is to collect the owed to the states liy by various european nations has baa organized the next step atop necessarily will bo be for this commission to give formal notification to t 0 the kur eur li go governments ornaments orn ments of tile the commissions duties lo in the ilia collect collection ipa of those debts or in tile the tanking pt p nr rang range ments for their collection and then to awalt such lucli re responses a as tit the nations may mayl decide to roalie make tt a easy for any well informed person to guess approximately abat these responses will bp be great britain will probably pay illy a considerable sum on account of the accrued interest and express willingness to accept any terms that tho united totes states rally may suggest about fu turo ture installments aside from great britain it Is difficult to think of iny any of the other that to Is ilk 0 ly to mao ma ko uny any ray payments menta on account it Is just possible that the czechoslovak government may bo prep prepared irod to do something la III it small way war this government Is about the only onn one 0 of the various new nations set up tip by tho the paris cn ferenci tint thit has conducted I 1 ita Is fiscal aff lills in buell a way va ua 16 to qualify us its it a solvent debtor As a of 0 chocho echo slovak economy aid tile the sound mann management gement of its fi financed nancel it has recently been ablo able to borrow I 1 several million dollars from private bankers in america and great britain after the debt refunding commission lias has received its various answers the next step logically will boit bo 11 report by the commission to cong congress rOlls that report may turn out to ile be dia 11 pointing to congress and the coti country so far as the country expects al all of these debts to lie ile refunded on ft n normal basis at a normal rate of interest inter cut and with installments beginning immediately in eil lately the country is likely to bo be disappointed I 1 beyond those these three steps it la Is difficult to see farther into the future fly the time till all title this has taken place cor tain uther tingles angles of tile the european Mur situation sit tation will be clearer than they ire an now it if those of the european I 1 european liolis which have debased their cur 1 10 oacy ney should decide as it result of tile genoa conference to stab lilze their currency find and otherwise briix their fiscal affairs to a sound basis there Is likely to be n request ly some a or of them for or an advance of a part 01 ol lof tho the united states gold to tit serve us its it busts basis for their new currency at this point it Is going to tit bo be no cosgary for america to practice it a good cooil deal of wisdom if tiny any of those eair countr le show allow nn honest disposition to stop stoll spending more than their income and ana to stop atoll printing paper money then it would be 16 it a wise and state statesmanlike lice thing for america to lend thera them some american koll gold under proper restrictions just why it la is disadvantageous for america to have such it disproportion abely largo large share of the worlds gold supply and why it would tie fie addan for ameran q come omo or it to enabling other count countries rles to stabilize their currency la is it more corn com tiler aspect of economics than Is com conly understood incidentally ono of the countries that eliat owes ones money to the united states afif Is Ittis sin It kusala tissia owes owe some hundreds of millions to the united states government and also albo owes oes some hundreds of millions vi tj american ban bankers bank kerg cra at the genoa conference has developed the theory that those thae debts she haia a la in tile the shape of di damage tillage done by artio american delin troops in Itus sla that altoff un clin hardly be admitted Ain american erkan wore were in russia chiefly for the legi dimate purpose of protecting sup ui alios sent by america to russia nt lit the request of the preceding russian Itus government ern ment moreover there liero is HU all the difference in tho the world between allus sias obligation and prociso to repay n loan made by america and tiny nn libi lity america nay may be under for damages |