Word: cancels
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Dates: during 1930-1939
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...Should the Allied Nations repudiate their debts or the U. S. cancel, they (A.N.) would lose their prestige and rating as powers, also destroy their credit rating which is so vital to the well-being of any nation...
...readers are taking up the gauntlet flung by Challenger Webb and are now setting forth arguments for collecting the War Debts. I shall assume Challenger Webb will go undefeated. On that assumption I put forth this proposal and challenge Challenger Webb to answer. In the event the U. S. cancels foreign governments' War Debts, then the U. S. shall cancel all its Liberty Bond obligations to holders thereof...
...Debts will not be a problem-we shall not have to cancel them-if we are realistic about providing ways in which payment is possible through the profits arising from the rehabilitation of trade. . . . The Republican position has been the absurd one of demanding payment and making payment impossible. This policy forced a moratorium. Our policy declares for payment but at the same time for lowered tariffs and resumption of trade which open the way for payment...
Briefly, the Chairman of the U. S. Senate's Foreign Relations Committee took the stand which President Hoover tried to take with former Premier Pierre Laval of France (TIME, Nov. 2 et seq.). namely that the U. S. should bargain with Europe, offering cancellation in return for all-around reduction of armaments and numerous other concessions for the general good of the world. M. Laval soon showed Mr. Hoover how unwilling Europe is to make any such bargain, preferring that the U. S. simply cancel. Cried Senator Borah...
Realistically viewed, the Reparations and War Debts situation rests on a foundation far broader than mere statecraft. Pressure upon the U. S. (if it is exerted); scurvy tricks (if they are played at the World Economic Conference); the refusal of the U. S. Congress to cancel another cent (if it refuses)?none of these things alter what are probably the paramount facts: 11 that the U. S. will not fight to collect from the Allies; 2) that the Allies will pay the U. S. proportionately no more than they receive from Germany*; 3) that the German people believe they...