Publisher's Synopsis
Excerpt from Proposed Plan for the Collection of the Foreign Debt of the United States, Settlement of German Reparations, and Establishment of an Internal Gold Currency
It is stated in the public press that President Harding has requested the submission of plans for the collection of the foreign debt due the United States. In all discussions of this subject economists and international bankers insist that the collection of the foreign debt due to the United States is inextricably and inevitably interwoven with the settlement of German reparations and the re-adjustment of foreign exchange on a gold basis. It is simpler to accept the inter-relation of these three things and propose a plan to cover them all rather than controvert the arguments in support of their inter-dependence. In this revised form the topics entitled The Position of the United States; Treaty of Versailles and Treaty of Berlin and Cancellation of Allied Debts to the United States have been added and other topics slightly changed.
The plan proposed may present difficulties but it is con crete, practical and constructive and the history of the repara tions controversy shows that it will be acceptable to the Allies and to Germany if the various propositions which they have made in regard to the subject from time to time have been made in good faith.
If the United States will take the initiative and make the first moves the nations of Europe will necessarily follow the lead.
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