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Turks To Pay War $1,500,000 In War Claims to U.S.
The following article appeared in the New York Times edition, dated Monday, October 22, 1934.
TURKS TO PAY $1,500,000. IN WAR CLAIMS TO U.S. (wireless to The New York Times)
ISTANBUL, Oct.21-The Turkish-American War Claims Commission has completed its work with a provisional agreement under which the Turkish Government will pay a lump sum of about $1,500,000. (keep in mind that this is 1934 U.S. 'depression' money;present value- ? -) to be distributed by the U.S. government among 'American' claimants.
Of 900 claims for the requisition and destruction of property during the World War, 600 were considered unfounded in law, the remaining 300 will be re-examined.
The American delegate, F.K. Nielson, is going to Angora soon to sign a
definite agreement.
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