Word: creditors
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...supporting this doctrine of temporary suspension we not only do justice to an honest European creditor; we also greatly benefit the South American debtor. These states according to practically all authorities are exceedingly lax in meeting their financial obligations; by threatening them with the loss of part of their territory as punishment for their laxity, we should teach them national responsibility. We should teach them, moreover, to respect the principles of arbitration, and they will learn that to consent to arbitration implies an obligation to abide by the award...
...suggested by the question itself. By the terms of this question simply the conditions at the time of the default are given. But, if we are to make this a practical debate, evidently the fact that there is no tariff at the time of default does not prevent the creditor nation from levying a tariff. This tariff might be imposed by the creditor nation, or by a trustee. In China, an Englishman, Sir Robert Hart, acting as trustee, has for many years successfully administered a tariff. This method would be effective even if the debtor state had no money...