Word: creditor
(lookup in dictionary)
(lookup stats)
Dates: during 1910-1919
Sort By: most recent first
(reverse)
...opinion to arise within some of our allied countries that the United States should make up their sacrifice because her sacrifice was not fully accepted seems unworthy of their recent noble action. A debt is a debt and no amount of difference between the debtor and his creditor can wipe away the obligation until the debt is paid. Now for certain Europeans to infer that the Allies' years of fighting before the United States entered the war should be ample pay for the loans which we made them, not only is an alteration of the obligation of contract but shows...
...policy of isolation. Nor can the richest country in the world, with enormous products and exports, with nearly fifteen million foreign born persons living within our boundaries, communicating daily with swift ships to all parts of the world, bound in a network of cables and wireless, now a creditor in thousands of millions, to many European governments, owner of immense values in foreign securities, keep out of the complications of modern industrial and economic life...
...unfortunate as it is improbable. The two countries naturally have supplementary products of industry and agriculture; their freer interchange across land boundaries which are purely artificial and water boundaries which are not barriers but highways should be furthered. Financially, we are rivalling England as Canada's largest creditor; the Dominion with its rich natural resources and universal prosperity will naturally receive a larger and larger share of our surplus capital. Politically, we can have nothing but good-will for Canada's free and democratic government, which is in many respects a model for our own. But without impugning Canada...
...services to us at the Marne and in three long years of war, our obligation can not be wiped out by our entrance into the war. We came in by necessity, for our own rights and the safety of the world. France is still our creditor. We can help pay our debt by rebuilding her stricken districts. In doing this we shall accomplish an end at once much needed and entirely practical...