Word: borrowers
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Dates: during 1920-1929
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...Wilson Promise. At the time of the negotiation of the Versailles Treaty the question of the Belgian War debt came up. Belgium's creditors at Versailles agreed that Germany should be made to pay what Belgium had been obliged to borrow for the War. President Wilson gave his assent to this agreement and is even said to have put his "promise" in writing. The Senate of course rejected the Versailles Treaty, and Congress passed a law specifically forbidding the arrangement. When the Dawes Plan was adopted, 5 per cent of the German reparations payments should be applied to paying...
...Barclay's visit was called "unofficial." Asked if he had come to negotiate a loan, he replied with a smile: "No, we do not need to borrow money from the United States just now, but later, perhaps, a loan may be asked for to develop the railroad system...
...worthlessness almost by the recent devaluation of the War mark. Mr. Zimmerman declares that this devaluation has amounted to repudiation, that in effect Cologne and other German cities are in default on their mark bonds, and that therefore no German city should be permitted in the future to borrow here without discharging their former indebtedness in a just and equitable...
Surprise was evinced in some circles that Australia contemplated raising a loan of $100,000,000 through the House of Morgan at Manhattan. This is the first time that the Commonwealth of Australia has proposed to borrow from...
Faced with this predicament, the Finance Minister let it ooze out that he contemplates a visit to the U. S., presumably to borrow enough to pay the $9,000,000. But, in the U. S., he will be confronted with the matter of $18,000,000 owing to the U. S, Government; and, not unlikely, awkward questions will be asked concerning the money which Rumania must raise to pay for 50 new Fokker airplanes which she recently ordered from the Fokker Aircraft Manufacturing...