Word: debtors
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...that public servant does assume office by accident, it is as apt as not to reduce a great deal of the public servant's public service." Though the gist of Mr. Young's speech had to do with international War debts and leniency of creditor to debtor in hard times (see p. 16), it contained undertones such as might be found in the words of any presidential possibility. Excerpts: "We need to know more of the world as it is and to discard for ourselves, as we have for our daughters, the hoopskirts and false unfrankness...
...must pay under the Young Plan because of the increasing price of gold. * Said Tycoon Young, giving a discreet, humorous, personal twist to the awful and stupendous problem which the Young Plan was devised to solve: "It is quite natural in times of depreciated commodity and security prices that debtors should ask for a readjustment of their debts. I would be glad to do so myself. Unfortunately, it takes twice as many securities to pay my debts as it did when I incurred them. I could make a very good moral argument, if anyone would listen to me, that...
...moratorium for a debtor of bad faith...
President Hoover hoped for three things to maintain the lower tax rate: 1) a sudden increase in customs receipts; 2) $75,000,000 economies in his departments; 3) cash instead of security payments by foreign debtor nations to be applied to current expenditures...
July 1 is New Year's Day for the U. S. Treasury Department, the beginning of another fiscal year. Last week the Department received $117,114,598 in cash from 13 debtor nations and, though this was an expected receipt, made the event occasion for announcing an expected June 30 surplus of about 100 million dollars...