Until the Russian attack of 1939 put a moratorium on her World War I loan from the U.S., Finland had never missed a remittance day. She had paid the U.S. Government more than $8,000,000 (chiefly in interest) on the original $8,281,926.17 relief loan. After World War II she began paying again, still has $13 million to go. "These remarkable people," declared New Jersey's Senator H. Alexander Smith last winter, "appear determined in a world of forgotten principles to make their country an example of integrity."
The senator had a practical suggestion: why not let Finland use all future payments (about $400,000 a...
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