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Show OUR INTEREST I IN DEBTS. A committee of economists investi-! investi-! gating the foreign debt question, af-! af-! ter a detailed analysis of inter-governmental debts, says in part: "A reasonable readjustment of inter-governmental debts promises far' greater material benefits to the American Am-erican people than the direct income I which would be received if payment; could be made in full. The installment due this fiscal year on the debts amounts to about $280,000,000, orj $2.24 per capita in terms of the American Am-erican population. Large as this total may seem, it is small in comparison' with the gains which would follow even a partial return to the prosperity of three years ago. An increase of 1 per cent in our annual income over the present low levels would amount to more than twice the current annual installment on the war debts. "Any action on our part which would maintain the solvency of Ku-ropc Ku-ropc and revive its power to buy Am-iiican Am-iiican goods would be a stimulus to our own trade and renewed prosperity prosper-ity at home. A readjustment of these debts in the light of present world conditions suited both to the capacity of our debtors to pay, and to our own ability to receive especially if il involved in-volved .favorable concessions to Am-i. Am-i. rii an trade- would go far towi'nl the :.! imulalioii of world-wide end American Am-erican economic recovery." j |