Page:Walter Renton Ingalls - Wealth and Income of the American People (1924).pdf/59

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For the debt of foreign governments to the government of the United States arising out of the European war we have exact figures, which were recently reported by Secretary Mellon as follows:

Obligations for advances made under the various Liberty Bonds accounts............... 000s cece eees $9,435,225,329.24 84,093,963.55

Obligations received from the Secretary of War and from the Secretary of the Navy on account of the sale of

surplus war materials................-....00005 565,048,413.80 Obligations held by the U. 8. Grain Corporation....... 56,899,879.09 Total... 0.0... cece eee eee reece eee $10,141,267,585.68

At the middle of 1921 the accumulated accrued interest on the Allied Debts, as above, was about $945,000,000.

The cost of maintaining the American forces on the Rhine, from Dec. 18, 1919, to Dec. 31, 1920, was $269,857,000, of which a portion had been reimbursed, leaving $233,824,000 due. This constitutes a debt owed us by Germany. As of June 30, 1921, the amount may be put roughly at $250,000,000.

By the end of 1916 a large volume of foreign governmental and municipal loans had already been financed in the United States. The amount and issues of these loans outstanding at that time were as follows: