Where the big fish swims, there follow the little fish. When France and
Italy and Belgium, with debts to the U. S. of four billions, two billions, half a billion dollars respectively, expressed their intention of funding their debts, the nations with smaller debtsCzechoSlovakia, Jugo-Slavia, Rumaniafollowed suit.
Last week, Dr. Charles L. Seya, Minister from Latvia, expressed his country's intention of funding its debt to the U.S.$6,352,000hardly of international proportions.
Now seven nations are preparing to fund their debts, and the Debt Funding Commission under Secretary Mellon will be busy for some weeks....