The Yorkshire Post of Monday printed a hitherto unpublished letter
which was written by Mr. Wilson when he was still President of the United States to Mr. Lloyd George. This letter provides a complete justification—though to sensible people no justification seemed necessary—of Mr. Baldwin's settlement of the American debt. The Sunday Express of October 7th published a letter which Mr. Lloyd George wrote three years ago to President Wilson pointing out that the British Debt to America ought not to be funded without reference to all the other inter-Allied debts. The letter was used by the Sunday Express, of course, to discredit Mr. Baldwin—to show that Mr. Baldwin had quite unnecessarily entered into a transaction which placed a great burden upon this country. The letter now printed by the Yorkshire Post is Mr. 'Wilson's reply to that letter from Mr. Lloyd George. Mr. Wilson said that he could not even consider Mr. Lloyd George's argument. The British debt to America was a thing by itself. Afterwards, Mr. Lloyd George made no attempt to reopen the question, rightly recognizing that such a thing could not be done without gross offence.
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