Ogden Daily Standard | 1914-12-02 | Page 4 | Our Indebtedness to the British

I OUR INDEBTEDNESS TO THE BRITISH. Lloyd-George, chancellor of the exchequer, has Uncovered that his etatement to the effect that the United Unit-ed States owes the British 15,000,000,-000, 15,000,000,-000, was misunderstood by the papers of this country, as the indebtedness mar taken to be a floating obligation, subject to immediate cah instead of all forms of British credits in this conn- I try. including fixed investments. The Standard mas not misled by the original announcement and at the time commented on (he announcement announce-ment aB referring to our obligations of every nature and estimated the yearly interest charges and dividends derived therefrom at cIofc to $200,-000,000, $200,-000,000, and presented the figures as on explanation why this country had continued as a debtor nation, although our foreign balance of trade had totaled to-taled at least five billion dollars in tfce past 15 years.