Word: creditors
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...Receiver. If the judge is honest, the receiver may not be. He may juggle assets and disbursements to creditors to his own benefit. He may abscond with pockets stuffed with ready cash. He may appoint a small army of assistants, attorneys, experts and examiners who do nothing more effective than materially reduce the fund for creditor distribution...
...Fundamentally, confidence has been restored and Germany has been reestablished as a going concern on a relatively high level of economic activity. From the outset, moreover, the Dawes Plan realized its primary object by securing the expected reparations payments and transfers to the creditor powers...
...reparation liabilities, has left an element of uncertainty in the plan itself, and in the affairs of all countries concerned in reparations. It has become increasingly clear that a final settlement of the problem to be achieved by mutual agreement would be in the best interests of the creditor powers and Germany alike. The new experts committee is to draw up proposals for a complete and final settlement of the Reparations problem and is thus expressly empowered by the governments concerned to consider the fundamental problem still remaining to be solved and carry...
...economic recovery, and to assume the indefinite influx of such borrowed capital would be sheer folly. 2) Since nearly half of Germany's pound of flesh is being paid "in kind" under the Dawes Plan?that is to say in German goods which compete with Allied home production?the creditor powers will find it still to their advantage to knock off something from the German debt in return for a promise of more "cash" and less "kind." 3) The four years covered by the Report do not include the present so-called first Standard Year, in which the German Reparations...
...stocks in the reorganized company is too large. The stockholders, not the bondholders, are responsible for a company's directors; and through them, for its officers; and through them for its management. By the adopted reorganization, many a former St. Paul stockholder became a bondholder, i. e. a creditor instead of a partner. The Commissioners felt this feature tended against public interest...