Word: crediting
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Dates: during 1920-1929
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...loses from $2,500,000,000 to $3,000,000,000† The reason the Italian Debt was cut was that Italy could not pay more. Italy could not pay more because she has no gold to ship to this country and her payments must be made largely by credit established through the shipment of Italian goods to the U.S. But there is very little of such goods; the high tariff keeps them...
Observers were inclined to agree that the Italian debt-funding arrangement would soon bring France to another attempt at settlement. She is the only great nation that has not come to terms, and the flow of private U. S. credit into Italy after the Italian agreement is an inducement to similar action by the French. Also the French press intimated that France would now expect terms as lenient as the Italian...
...bill instead of trying to oppose every proposition put forward by the majority. It is one of the few important bills in recent years aside from War measures, which the opposition party, whether Democratic or Republican, has not tried to use as an excuse for bedeviling its opponents. The credit for this achievement, so far as it goes, must be awarded to the Democrats, although the Administration forces .must share it in some degree for having made proposals which the Democrats considered it unwise or unsound to oppose as a whole...
...also announced that hereafter frock coats must be worn by Turkish officials at all government functions. Since the cost of such a garment aggregates nearly $175 in Angora, while the average monthly salary of a Turkish official is about $60, the Government has instituted special "pay as you wear" credit facilities...
Sneer the intelligensia, George Jean Nathanwise: "If Mr. Jordan were a baker, would he varnish his own pretzels?" Opine rival auto advertising writers: "He deserves most of the credit for tapping a new source of auto advertising appeal-the 'red blooded youth' racket...