The Secretary of the Treasury states that reopening the question will encourage French opposition to the ratifeation of the Franco-'American debt-funding agreement, He admits that an argument could be adduced in favour of writing debts incurred after the American actually" apout by them in France trid Britain.
Mr, Mellon concludes by d: claring) that the sams pad to tke United States: will not come from taxation, but will be more than met by the payments exacted from Germany by the. Powers—-Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.