U.S. CREDITS.

Press, Volume LXI, Issue 18544, 20 November 1925, Page 9

U.S. CREDITS.

TERMS TO DEBTOR NATIONS AMERICA'S GREAT PROSPERITY. in CIMUt-MH Ai»OCUTld*-CO*T»IMT.) V»iCT««'» ItUGIIMS.) (Received 2tetcmber 19th, .1.5 pja.) NEW YORK, November 18. President Coolldge, in an address at tho annual dinner of the N«fr York State Chamber of Commerce;, pleaded for a mora Sympathetic understanding between business and tho Government, lie was of the opinion that tho overwhelm ing prosperity of tho United Btates was due* to tho practical independencd and mutual helpfulness of the Government and business. The President described how the critical post-war period had bcert tided over by the" extension of Atneridan credits, not only to Europe, but also to Latin Atnerlen, Australia, and Jap4n. He characterised the terms thus far granted to debtor nations socking to settle war debts as very generous, but considered that they wOUld prove mutually beneficial to all concerned. In Conclusion, he urged most positively American adherenco to the World Court. LOAN TO ITALY. RESTORATION OP GOLD STANDARD. fascTU's Tiuteiuts.) (Beceived November 19th, o.r> pan.) I NEW TOBtf, November 11 j A hundred million dollar load to the Italian Government, enStiring dttaneial suppbrt for the restoration of the gold standard in Italy, has arrauged through a group of American banks, headed by the Morgan Company.