Show HOW WILL ALLIES PAY DEBT england a and I 1 nd france said to be Q in peculiar position of financial distress En glands foreign investments tire are not owned by the government auf by individuals and they will not sell and there seems as aa yet no way to compel them american securities are the only ones that appeal to the british and french investors at this moment as being good what no financial expert ever predicted was the amazing trouble that england and france would have bavo tn in paying for the equipment purchased in this country it has been thought that these two creditor nations would merely have to sell their foreign se so sei i curtt les or merely stop making foreign investments to have all the money they needed sir george parish a representative of the british treasury came to this a country last winter and boastfully told his inter intel viewers and boats that england coule could fight on for five years merely on the interest from its foreign investments an assertion that sir george probably wishes he be had never made even lloyd george formerly spoke of 0 the and the this country and argentina respectively owe great brit britain ain but ne has long since change his tune england and france are in a position of peculiar financial distress albert W atwood asserts in the saturday evening post they are buying war equipment in this country on a gigantic scale they are exporting practically nothing to this country and their inhabitants will not or cannot sell american securities cur curi files ties back to america they have nothing to pay with but gold and they cannot afford to lose gold france Is in an even more embarrassing position she has gone mad for years over savings the average frenchman would rather go without clothes and food at the present moment than sell his american securities at a loss A friend of mine in new york recently received a letter from a french banker in which it was said that only one thing gave his clients une grande quietude at the present moment and that was their holdings of american stocks and bonds wherever you go in france today you will find american investments held intact for the frenchman will tell you that it if lie he sells others will do the same and that would put down the price of american securities which would never do 1 |