European Stars and Stripes (Newspaper) - July 8, 1959, Darmstadt, Hesse                                Poge 4 the stars and stripes if All Loans paid nation could run 4 months Bill collector would help . Little by Frank Cormie Washington a suppose Uncle Sam turned his foreign loan accounts Over to Ahi ird heated Bill collector and demanded immediate payment on All Loans made since world War i. Suppose All the debtor nations dug Down deep and came up with hard cur Rency to pay their  All the Lous made Good How much Money would go into the . Till could the Treasury Lay off Domestic taxpayers for a year two years Well not quite. Total repayment of All foreign Loans now outstanding would bring the . $31 billion. That s Only enough Torun the government at its present Pace for a bit More than four , there is no Chance of collecting a big chunk of the $31 billion any time  debts Are scheduled for steady repay ment Over Many years. If they continue to be paid off at last year s Pace it would take about 50 years to collect everything. And that assumes there s no new borrow ing. But Uncle Sam continues to make new Loans each month. In 1958, new . Credits totalled $1.2 billion. There is still another flaw in the dream of repayment. Even if All $31 billion. Was re paid tomorrow Uncle Sam would t have any use for part of the Money. That s because several billion dollars loaned during the cold War is repayable in local currencies rupees pesos Etc. Uncle Sam would have More foreign currency than he could spend Over Matiy Many years. Most of the $31 billion is repayable in dollars or other hard currency however. This is True of All the debts dating from world War i. They total $18.5 billion. Of the remaining $12.5 billion Lent in the past 25 years most is repayable in hard cur Rency though a major fraction is on the soft Side. An exact breakdown in t  Are the chances these billions will be repaid the record of repayment on world War i debts is dismal. But most countries Are Mak ing regular payments on at least some of the billions borrowed during and since world War  1958, Only $400,000 was collected on world War i debts. By contrast 62 countries paid Back $636 million borrowed since world War ii. In addition they paid $290 million in  is the Only nation receiving a Bill for world War. I debts because the finns Are the Only ones who pay regularly. Their payment accounted for practically All the5400,000 collected last year on world War i debts. Reserve Bank sees lesson in us recovery new York up there is Alesson for americans in the Rise of Britain from the ashes of War tothe threshold of a period of sustained economic growth without inflation the Federal Reserve Bank of new York  British have recognized that Price stability can be maintained inthe Long run Only if output expands As rapidly As income said theban s june business review. The lifting of controls on instal ment credit in the fall of 1958 and the reduction in income and Pur Chase taxes in the april budget have stimulated personal consumption noted the  arid private investment programs meanwhile have accelerated Home building has been Ris ing and exports have climbed to a new Peak. Map locates Indian trouble spot Egypt Marks 3d new year s Cairo a egyptians wished each other Happy new year for the third time in 12  was the moslem new year first Day of the year 1379 after the Regira the flight of the Prophet Mohammed from Mecca to  s christians known As copts have a Calendar of their own dating from the persecution of the Early egyptian christians bythe romans. The coptic new year s Day is sept. 11. The copts Are now in the year 1675.in every Day practice the egyptians use the Western Calendar an also celebrate Jan. 1 Khrushchev entertains . Governors Moscow a affable and smiling soviet Premier Nikita  greeted seven touring american governors in the Krem Lin As representatives of the american  governors. Posed for Pic Tures in a Kremlin conference then sat Down for a Long talk with the soviet Premier. Private session Only the governors remained in the room. Reporters and photog Raphers were ushered out after Khrushchev s opening remarks. The visit was the High spot sofar of the governors tour that has taken them to Leningrad Kiev and Tbilisi outside . William g. Stratton of Illinois and gov. Cecil h. Hunger Wood of West Virginia have left the tour to return Home. The autonomous state of Kerala lies at the Southern tip of India. Nehru hints India May use Force to oust Kerala reds new Delhi a prime woman shopper fined for stealing Bible Memphis Tenn. A ayoung woman was fined $51 in City and is Good a several ailments in fact the scientists concluded the weather along the siberian Rivers Irtysh and of is in no Way inferior to that of the famous crimean health resorts in order to exploit the Abun dance of Sunshine in the area the broadcast said special rest Homes on Board diesel ships Are being provided for the local  elections were the obvious layout for solving the Kerala  the autonomous state of Kerala a extreme southwestern India was created in 1956 under a reorganization act. In the general elections of March 1957 the communists won a majority in the 126-member state legislature. The current difficulties arose three weeks ago when the communist majority passed an act empowering the state government to Force private schools to employ government appointed teachers. Catholic led demonstrations against the move have resulted in mass arrests reported unofficially to total 11,000. Methodist says a age leaving women behind Lake Junaluska . Up women Are being left a Little be Hind As America moves into the nuclear and space age according to a methodist women s  Mcconnell editor of the methodist missions Magazine world Outlook said the reason is that women Are not taking enough higher education to prepare them selves for the highly specialized  wednesday july 19s9 Congress gab costs John a $1.5 million Washington up the 86th Congress has talked its Way through 17.&t7 printed pages of the congressional record so far. This includes several pages devoted recently to the proposition that no tall that verbiage is necessary. Since Jan. 7, an estimated 30 Mil lion words have been spoken or printed so As to appear to have been spoken. Sen. Winston l. Prouty a it reminded the sen ate the other Day these pearls of Wisdom Cost taxpayers 5v cents each for the printing alone or $1,575.000 so far. Thrifty vermonters in Vermont Prouty said we do not believe in wasting Money or in wasting  according to Prouty s Cost scale this succinct declaration came to exactly os1,cents. If All our Law makers talked As Little As Prouty the government no doubt could save most of the $1.8 million the congressional record has been estimated to Cost this year. The Way tilings Are going How Ever the Bill will run Over rather than under the estimate. And the senators As usual will have to take most of the blame. ". Where House members measure speeches in minutes senators run More to hours. Remarks Intlehouse generally Are limited to five minutes. A senator won t eve say hello unless assured of More time than that. Loquacious senators the body of the record in which proceedings of the two houses Are printed totals 11,507 pages so far this year. Although there Are 436 members of the House and Only 98senators, the Winder body had accounted for More than half of the total. However House members chafing under the House restrictions on oratory did their Best to eve the score in the record , of which 5,756 pages have been printed so far this year. Another 565 pages have Bee used up in a daily digest for those who can t read All the rest. Erhard plans Aid trip Bonn a West German economics minister Ludwig Erhard will take a week s trip to Greece and Turkey starting aug. 18 Tosee what Germany can do to help their economies. European edition sex nazi guilty in executions Mainz Germany a a for Mer High ranking nazi party Leader has been sentenced to eight years in prison for the illegal execution of four germans who showed White flags on their houses As Amei ican troops approached in the last Days of world War ii. The District court of Mainz Ger Many found Erhard Schaedlich guilty of ordering the shooting of three germans before a firing squad he was also convicted of having ordered the hanging of an other German who had called for immediate surrender. Army Navy air Force col John d. Nottingham Usan editor in chief it col t. J. Cunningham jr., Usa asst editor in chief Nathan j. Magoun managing editor Jack Ellis. Sports editor Homer a. Cable feature editor Elmer d. Frank production manager directory of Newi bureaus England South Ruislip a c Wallow 4300 ext 47 or 472. France Paris Balzac 5400 c ext 468 Germany Darmstadt newsroom c 75366 ext 16 Stuttgart c 84215 Spain Madrid 123 fue Carral bldg. 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Apo 175, us Force Moji to in Jacol nurm.�c8 thru old h .1" Washington Street n.y., 14. Thu i. A unofficial publication of the . Armed forces in Europe. Re entered Asje cond a Mailer sept. 10, 1956, at in. Poi Toffice to n.y., n.y., under act of much