Word: agreement
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Dates: during 1920-1929
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...Chairman Young did thus actually obtain the agreement of Dr. Schacht to the minimum figure of $8,800,000,000, he performed a major feat. So sanguine seemed the delegates of results to follow that they determined to meet hereafter on Sundays as well as week days in an effort to fix as soon as possible how much more than minimum the Fatherland must pay. This surplus above the Allied needs for repayment to the U. S. is supposed to partially cover the cost of repairing War damage done by German forces by land, sea, and air. Reputedly, the Young...
...queer quirk in the whole situation was that Japan, which for months has stubbornly kept an interventionary force in Shantung, disregarding incessant Nationalist howls of protest, suddenly came to terms last week with the shaky and harassed Nationalist Government and entered into a signed agreement to withdraw her slit-eyed marines by June 1. It is common knowledge that Japan has financed and favored Marshal Chang, the captor of Chefoo, but it would be news indeed if the Imperial Government con- siders Chang already strong enough to see that Japanese interests and colonists in Shantung come to no harm during...
...Lamont agreed with Chairman Owen D. Young of the Radio Corp. of America that it would be pleasant for all concerned if the International Telephone & Telegraph Corp. should take over Radio's newborn (TIME, April 1) subsidiary, R.C.A. Communications, Inc. So formal and so important was this friendly agreement that it at once was called an ACCORD. A price was mentioned, around $100,000,000. Vice President David Sarnoff of Radio and Nelson Dean Jay of Morgan's Paris house talked details. U. S. directors of both companies hastily met and approved...
...meeting itself, its outstanding result was an agreement to restrict 1929 oil production in North and South America to approximate its 1928 output of 1,075,369,847 barrels. Output of various companies will be pro-rated by five regional committees; restriction is apparently on a voluntary "gentlemen's agreement" basis. Had the U. S. oilmen been European oilmen, they might have drawn up a very solemn legal compact involving fines for overproduction and compensation for underproduction. But despite the fact that President Coolidge in 1924 appointed a Federal Oil Conservation Board which consistently recommended co-operation within...
...participation in the rail cartel would be chiefly the official recognition of a working agreement which has for some time existed between U. S. railmakers and cartel members. U. S. industry on the whole has been somewhat wary about joining cartels, fearing prosecution under anti-trust laws. But the government is much more broad-minded concerning what U. S. industry may do abroad than concerning what it may do at home and one obvious method of meeting cartel competition is to become a cartel member...