Ogden Standard-Examiner | 1922-07-16 | Page 7 | Foreign Debt of the Nations

i oo- FOREIGN DEBT OF THE NATIONS In an effort to find a basis of readjustment, re-adjustment, it has been proposed that England be asked to cancel tho debt that France owes her This country will be a6ked to cancel Its entire Eu-ropean Eu-ropean debt of more than ten thousand thou-sand million dollars and to make a Dew loan in addition, and all start over again happily Thus Franco would get rid of her debt to England and her debt to the United States. England would get rid of her debt to the United States, go that forgiving the French debt would cost her nothing. noth-ing. And we would make another gigantic gi-gantic loan. Why cancel any of the debts0 Why not defer collection until some time ' in the future? The day might come -when America would find it advisable to enforce the collection of the ten billion dollars.