Word: creditors
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...Yazoos and Yapoos seriously expect we Yahoos to believe that cancellation favoring Europe at once and ipso facto means trade favoring America? It is an obvious non sequitur. Witness the attitude of our chiefest creditor. Right now at Ottawa she is busy as a beaver in a brook attempting to dam up a billion-dollar trade between dollar-tied neighbors, alienating from us Canadian plants and other acts which if a Yahoo like Andrew Jackson sat in Washington would mean war. Will cancellation revoke Ottawa decrees unfavorable to us? Will it put American wheat on a parity with Canadian...
...Lausanne agreement will have final effect only after ratification by the creditor powers as provided in the agreement. This ratification will not be effected until a satisfactory settlement has been reached between them and their own creditors. The creditor powers will have an opportunity to explain the situation to their respective Parliaments but no reference to that must be made in the agreement with Germany...
...Consequently, if a satisfactory settlement is reached for debts, the creditor governments will ratify, and the agreement with Germany will then have its full effect. But if such a settlement is not obtained, the agreement with Germany will not be ratified and a new situation will arise and the interested governments will confer on what is to be done. In such an event, the legal position is that which existed before the Hoover Moratorium...
...creditor powers accept, in lieu of Reparations, bonds to be issued by Germany with a face value of four billion marks...
...Danube Conference but informal talks about Reparations and War Debts among Host MacDonald and his Great Power guests were chiefly vital last week to U. S. citizens. Specifically, were the Allies and Germany groping toward a common basis from which Debtor Europe may defy Creditor America at the Lausanne Conference in June? Omens of the week...