Ogden Standard-Examiner | 1923-12-02 | Page 36 | War Debt of America Has Grown Most

DEBT OF I AMERiCA HAS GROWN MOST Really Thirteen Times War Pre Pre P War Figure Report Says GENEVA D Dec c 1 W Tn P-Tn In Ie ot of present plans to hostel i a settle settle- settlement settlement settlement ment ot of the reparations problem with the cooperation it if pos possible of I the United States special elal Inter interest st s to a 0 review pt the man man- iclal finan-iclal VIal dal of oC 14 countries mostly together with certain rem on the German n question contained contained in a memorandum memorandum dum dora issued Iss by the League of ln Na Nations a lions The r report sho shows that in mot most countries a retrenchment poll policy C has hils be been n adopted ed and considerable st inge ku have e b been en effected al al- al al th the p per ver nl er n burden ot of the public d debt bt his in many manyI tae ease S swallowed e l up v hOlt hit m have I been sa saved saed d by cutting down don the The d tIes I of the public debt delt h ha been com compared m- m pared with the changes in the tho price Ie 1 i c e the e nominal lamina 1 amount of the th debt las ras he been n dl divided by the price ot of index number and in this way reduced to war pre pre level evel When hen this I is do do- do doit it is seen een that hat hat the r deh has haq risen to three times the amount of ot the war pre debt the British h debt to ar seven times the amount and the American debt to neatly neally 13 times the amount of the pre pre war r debt nw TRY fHY TO PAY V At tIme tho same annie time It Is poInted out that before the wat France hind per head hend of oC her a muCh hIgher mu d debt bt than Great Grent lInt Brt tam or the United States and 11 ilsO 0 i thit In these t ti h 0 o last n me named coun oun coun- coun countries countries tries l deflation has s ably In- In In Increased cr creased ased the time public debt It Is rath rather I er tr sass s sa s the report t that Jt th the two countries In which the public debt sho shows s the greatest I deal le are the only countries have been heen able to any substantial r repayment pay ent of their debts Leaving J outs out of account g rm ny heTe the Interior debt has q bo been n npr pr wiped out b the enor- enor enor enormous mou nn th the which n cn boa boast t the tho smallest increase In Its public 1 debt bt Is Finland and after Finland come South Africa Swit I and anti Swe Sweden lin PRIVATE TB S rC I Special eve cre has been taken to te present full Cull ull matlon reg ll ing l- l ling mg ing foreign debt s and anel claims claim on foreign governments The debt h 1 sho shown n both In the curr currency ncy In n which It Is p and In domes domes- domes I domestic tic tie cun ntY the tho rates rotes of conver- conver lop I being leing indicated in each So e I IThe The act passed by the United States Congress tor for funding the British debt Is quoted el anti anil other I Important statements of ot International International In Indebtedness are II-e also set out I It Is to note con con- concludes con concludes eludes the report that thit private I in- in In Individuals J dh of the X Sw i den and and have Switzerland have to a great extent repurchased the loans by these the countries In Amen Amer- AmerIca Ica Amer-Ica Ica during 1018 1919 1920 anti and 1921 I I I