Ogden Standard-Examiner | 1920-10-22 | Page 7 | Bankers Profit by European Loans Here

BANKERS PROFIT BY EUROPEAN LOANS HERE Y PARIS, oct l. ("Correspondence ot the Associated Fn-as.) The French press, commentlnc on th,e $10,000,000 loan which has Just been niade by a syndicate of American bankers to Frahce, endeavors to reassure the general gen-eral public which has been SOmeWh t alarmed at the rate of Interest. Taking Tak-ing into account all charges and premium, pre-mium, they figure tne interest u amount to V 42 per cem It iu I x- plaincd t jnt this rate is bj ho meoni unreasondbl w hen compared with tuc interest charged both to Belgium and Switzerland In ih- recentl loans madi by America. The Fi i I.' !i i.e v. ;.p ip i s s i;,- th" American Am-erican natiem, represented by Us government and congress, has shown itself to be far more generous than the American bankers, as no demand has yet been made lor one cent of Interest on the stn,tfl loan.'-, advanced to France by the United Stales during, the war. 00