Word: debtors
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...None can do the impossible. If the debtor is to be able to pay and if the creditor is to receive anything, a settlement fair to both countries is essential. It follows that those who insist upon impossible terms are in the final analysis working for an entire repudiation of the debts. The only other alternative which they might urge is that the United States go to war to collect...
...Count Volpi's favor, but there must have been other factors as well which enabled the Italian negotiator to convince Secretaries Mellon, Kellogg and Hoover and Senator Smoot as well that Italy deserved the terms she got-the most lenient which the U. S. has granted to any debtor nation, not excepting Belgium...
...Italian Debt Mission, headed by Count Volpi, last week got down to business with the American Debt Commission, headed by Secretary Mellon. Observers remarked that the Italians appear to be a new kind of debtor-different at least from the other major debtors who have come to Washington to arrange their debts...
...this Count Volpi replied: "Upon starting the present negotiations, Italy accepts the principle laid down by the American Debt Commission that each debtor nation shall be considered independently and shall repay its debt within its particular capacity...
...hoped that the negotiations will be resumed, but it would be better for the Americans to come to Paris. It isn't the rule for a debtor to run after a creditor, purse in hand, while the latter dodges...