Word: creditors
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...Bank (now Second National) of Houston. Four years later he was cashier in Federal Reserve Bank of Dallas, of which he was in 1925 made Governor. It is this position which portly, bespectacled, serious-faced Banker Talley resigns to bring "hardboiled banking" to Bank of America, probably the biggest creditor of the citizens of California...
...assurance that international payments to be made by Germany will not be such as to imperil the maintenance of her financial stability. . . The world has been endeavoring to pursue contradictory policies in developing a situation where annual payments of large sums have to be made by debtor to creditor countries, while at the same time putting obstacles in the way of the movement of goods with which to make such payments. Financial remedies are powerless to restore economic prosperity unless there is a radical change in this policy...
...likelihood of changing Germany's present short-term credits into long-term ones. On the first point, the Committee approached agreement that what Germany needed was renewal for six months of 5,000,000,000 marks ($1,187,500,000) which she already owed her creditor nations. It was soon seen that there was little likelihood of the committee doing much about the second point...
Next move was to invite representatives of twelve creditor nations to appear before the committee. Most important of these gentlemen was, of course, the U. S. representative, the Committee's president, Mr. Wiggin, who was empowered to act not only for Chase National, but for all New York banks...
...agreement among the creditor nations to continue their present short-term loans to Germany, to exert pressure on their own private banks to stop the draining of German credit...