'U, SiSecretary of Treasury's Reply to the Manifestoes of Columbia and Princeton: Roope ning the Subject a Back-j-, Ward Step: New Argument by, Mr, Mellon Washington, Mar. 16.
Mr. Mellon, the Secretary of the Breasury, replying to manifestos igned by members of the faculties bf Columbia and Princeton Universities urging reconsideration of the settlement of the inter-Allied debts fon. the ground that the settlements hitherto' reached do not meet the actual situation, says that reopening the question would be a. step duck ward' "calculated to. produce discord and confusion rather than contribute to economic stability and orderly betterment of world" pro-that these were incurred for eon {ributions to a common cause, but th argument would apply only if Ieproposeg that adjustment mutual ed. if ie were applied to fall on a strictly equal basis.
Mr.' Mellon points out that. while the Allies "bought supplies from Amerien on credit, the United States bought supplies and services from France and the British Empice "by hundreds of millions"—and paid in fash; but nowhere has it been Sggested that Hf the debte are'to Be cancelled the United States should be reimbursed for. te dollars "Asserting that a nation is hardly likely to deserve and maintain the respect of other countries by sacrificing its own just claims, Me, Mellon declares that cancellation of tg debts owed to the United States would not of itself change the dislike with which the professors. of Columbia and Princeton Universitiss alleged Europeans regarded
Text read from the printed page and cleaned; old type leaves the occasional error.