Word: belgiumâ
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...Messrs. X and Messrs. Y." Capital of the Bank will be $100,000,000. The share of Japan and the U. S. will not be subscribed by their central banks?as in the case of Britain, France, Italy and Belgium???but, according to Article Six, by "Messrs. X, acting in place of the Bank of Japan, and Messrs. Y of New York." Of course "the Messrs. Y" will be J. P. Morgan & Co. Thus without putting up a cent the Federal Reserve?traditionally in closest touch with the House of Morgan ?will have a major "phantom stake...
...Vandervelde is the outstanding Socialist of Belgium???and the Belgian Socialist party slightly outnumbers any other. He was about to speak for the laboring class. More, he would speak as one of the authors of Locarno, as the Belgian representative on the Council of the League, as the man who has attended more international conferences for peace than any other living Belgian statesman...
This list of payers-up should soon grow longer. Belgium recently announced her intention of sending a debt-funding commission to this country in July. Last week, Italy decided to beat Belgium???annouced she would be gin similar negotiations on June 25. Because of her sudden haste, Italy will not be able to get a debt commission to this country by the time she set?probably Ambassador de Martino will rep resent his country at the opening of negotiations...
...Allies?France and Belgium???swooped down upon unsuspecting Germans at Essen, Recklinghausen, Dortmund and dragged away 1,700,000,000,000 marks. It did not matter; the Reichsbank has more than 1,182,038,536,000,000 more paper marks, and at the present rate they may even reach the impossible figure of a quintillion, i.e., 1,000,000,000,000,000,000 marks...
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