National Affairs: Will Pay

Last week, Secretary of State Hughes announced that Poland had made arrangements for the funding of her debt to the U. S. Poland's action makes her the fifth nation to fund her debt to us: first, England did so, then Hungary, Lithuania, Finland. Except for England, however, all our major debtors have failed to arrange to pay—France, Italy, Belgium, for example. The Polish debt is comparatively small—only $178,000,000. It was funded on terms very similar to the British settlement, payments over 60 years.