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Show LOAN DISAPPROVED. European nations which have defaulted de-faulted in paying their debts to the United States government are soon to find that the capital resources of the American people will be barred to them. New York banks were recently invited in-vited to participate in a Dutch syndicate syndi-cate loan for the French treasury, but Secretary of the Treasury Mor-genthau Mor-genthau advised the banks that "it would be contrary to administration sentiment and the apparent sentiment of congress to approve such loans." Prior to the secretary's announcement announce-ment the senate had passed the bill by Senator Johnson of California prohibiting pro-hibiting loans to nations defaulting upon their debts to the American gov- j ernment, which it is expected will be. j likewise passed by the house. j |