Abstract

Foreign Correspondence
Horwill, Herbert W. | November 2, 1918 issue

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The article presents information on a correspondence related to bankruptcy in Europe. In the September, 1918, "Contemporary Review," there appeared, under the heading of "President Wilson's Opportunity," a remarkable article signed by author Brougham Villiers. Starting from the certainty that, when the war comes to an end, the nations of Continental Europe will be face to face with bankruptcy, Villiers argues that their only means of avoiding that fate will be by obtaining assistance from outside their own borders. Money will be needed to pay the interest on the debts until they have had time to reconstruct their financial systems and credit to buy raw materials to set their industries going.

See Also:

LETTER writing; BANKRUPTCY; VILLIERS, Brougham; CERTAINTY; MONEY; EUROPE
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