Word: debits
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Dates: during 1920-1929
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...predecessor M. Clementel was in reality short on the credit side some three and a half billion francs. It appeared that M. Clementel was banking on receipts from Germany which had not been received-a favorite French practice-and had neglected altogether a mere matter on the debit side of some...
...trade had stopped there, the U.S. would have been an international creditor. But, respecting the movement of capital in loans and security purchases, the country took in only $387,000,000 and paid out $959,000,000, thus running a debit balance of $572,000,000. When this sum is balanced against the previous $360,000,000 credit, it is found that in 1924 this country was actually a debtor to the extent...
...More than 40% of the amount of debts due us from foreign countries has been liquidated and will provide funds for the retirement of about $13,000,000,000 of the principal of our National debit in the course of 62 years...
Blessed with scarcely average material, Coach Wachter has developed a combination worthy of battling the best in the East. In the account with Intercollegiate League teams the debit side of the ledger looms large, to be sure, but last week's 38 to 16 victory over Dartmouth dims, if it does not erase, the record of earlier defeats. In that contest the five Harvard players were merged into a unit, a team which paraded for the benefit of the Hanover visitors all the teamwork and finesse that it has learned in a season's drilling...
Such a thought was intolerable to French men and women. But the core of the apple of dissension was, and is still, the financial situation. France had concluded that Germany would pay reparations ; accordingly, the loans and the charges thereon were placed to the debit side of a recoverable budget-recoverable from Germany. The best part of the gigantic public debt is held by the French people, by the small-investor, for capital there is well distributed...