Business: German Railroads

The new status of the U. S. as the great creditor nation of the world is already bringing new and strange borrowers to Uncle Sam's loan counter in Wall Street. By an irony of fate, many of the European countries which lent us money a generation or two ago to build our railways, are now applying to Wall Street investment banking houses for loans to improve and extend their own railroad systems. One of the basic ideas in the Experts' Plan was to extract reparation payments from the German state-owned railways. As a preliminary...

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