Word: creditors
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...must be adjusted with Europe by importing securities. This winter it looks as if such securities could be made and sold here without too great risk to lenders and without exorbitant interest rates to borrowers. If so, a new stage in the history of the U. S. as a creditor nation will be introduced...
...British had asked France to pay ?20,000,000 yearly for 62 years on her War debt. Caillaux had offered ?10,00,000. The British came down to ?16,000,000. Finally they offered to compromise on ?12,500,000, provided France would not pay any other creditor (meaning the U. S.) more proportionately. M. Caillaux said "Yes, that will do" and went back to France with the British offer...
This situation has resulted essentially from the present position of the U. S. as a creditor nation and our apparently inexhaustible supplies of gold credit in our banking establishments. Always before, lack of banking accommodations has acted as a brake upon overdevelopment of business activity. While frequently painful in application, this brake nevertheless was fundamentally salutary. Now the brake has apparently been removed, except in so far as the Reserve System can enforce such a policy irrespective of the gold hoard in its vaults...
...gist of M. Despret's condemnation was that transfer of enormous amounts of money from Germany to other countries was impossible. If, therefore, payments had to be made in kind or in services, how could transfer of goods be made without harming the creditors, and how could services be made to pay reparations without prejudice to the creditor country's industry and trade and injustice to its laboring classes? It simply could not. M. Janssen, Belgian Finance Minister, was of a similar opinion...
What Sir Josiah Stamp*- forthe semi-bald one was he-meant was, that the U. S., which is more interested in German reparation than any nation in the world (the U. S. is the world's greatest creditor), should shatter her tariff wall and assist the depressed European nations to increase their exports. But, above all, creditor nations under the Experts' Plan should not press for German payments quicker than that trade policy permits. Further, he warned that creditor nations, including the U. S., might have to curtail production if the Plan is to succeed...