Show SENATOR SMOOT ON FUNDING commission U S S senator reed smoot is among the five men whose names were sent by president harding to the senate for membership on the foreign debt refunding commission if tile the senate confirms the nomination the commission will consist of secretary of the treasury mellon secretary of state hughes secretary of commerce hoover senator smoot and representative burton of ohio senator smoot knows more about the count rys finances than probably any other man mail in II 11 washington ashington a and n d his nomination tor for this very important commission is proof that the president acknowledges and appreciates senator smoots ability a and nd profound knowledge of matt matters ers financial upon confirmation of the nominations it is expected that foreign debtor nations will be informed tl that 1 t this country is prepared pie pared to begin be gin negotiations for funding the allied debt according to high officials negotiations tiati ons olis probably will be begun first with great britain looking to the funding of the debt owed by that nation and with the other loreign governments in fit the order of the size of their debts under the congressional authority creating the debt commission tile tho amounts due from the foreign nations may not bo be funded tor longer than twenty five years or at at interest of les less than 4 11 per cent |