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Show est creditors is in many cases producing produc-ing disaster and creating permanent ill-will. Perish the thought that the attitude atti-tude of these big hankers is based not upon anxiety for stimulation of foreign orders for American goods, hut upon the fact that the public debts of these foreign countries to the United .States are a first mortgage- amortized at a very low rate, of interest, while these bankers have been lending and investing money abroad at a high rate of interest and have taken obligations which are secondary sec-ondary to what is owing the United States government. There is a general feeling throughout through-out the country that some big bankers bank-ers of the United States, during the present emergency, have shown a greed and a short-sightedness that has lost sight of all but immediate profits. They have sent billions .of dollars belonging, after all, to' the American people, to be invested in precarious enterprises, including cheap labor industries competitive to those of the United States. They have introduced mass production into nations whose low consuming power has brought about a glut of goods and a shortage 6f employment. They have even been willing to furnish credit, machinery and technique to Soviet Russia to enable that government, govern-ment, sworn to destroy our own, to spread commercial demoralization snd unemployment throughout the non-communist world. In other words, they have played -elfishly, with total disregard of their abligations to the country in which they made their money. The loss of good-will in this country cannot 'be charged upon their leaders as an asset. as-set. Rather, it is a very dangerous liability. It would be a very wise "ourse for these international bankers bank-ers and industrialists to begin to believe be-lieve that a bird in the hand in the United States is worth a whole flock 'n the European bush. THE BIRDS IN THE BUSH. The bankers who argued before the International Chamber of 'Commerce at its Washington meeting that the way for the United States to stimulate stimu-late foreign orders was to cancel the debts of European nations to America, Ameri-ca, already adjusted at about 50 per cent, need not go abroad to try the plan on their own account, says Geo. B. Lockwood. Why not cancel the notes of their own private debtors, right here at home? This would undoubtedly increase in-crease the prosperity of those who owe banks; in many cases it would relieve re-lieve financial distress. These customers cus-tomers would then be able to put more money in the banks. It would assist in restoring prosperity. There is reason to believe that instead in-stead of acting that way, most of these bankers would not even think cf cutting these debts in two and giving the debtors 60 years to pay off. Indeed, at a time when more liberal lib-eral credit would be helpful all around, most banks are insisting that those who have given notes should rapidly curtail them or pay them off, even though there is more money piled up in the banks than there has ever been, and indue pressure on hon-l |