Word: debts
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Dates: during 1920-1929
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...refunding loan of at least $100,000,000 came an announcement that Prime Minister Raymond Poincaré, popularly known in France as "Papa" Poincaré, had in the last year lopped 14,000,000,000 francs (about $547,400,000 at present rates of exchange) off the state debt to the Bank of France...
This does not mean, however, that the national debt of France has been reduced in the same proportion as its debt to the Bank of France, for some of the amount was only canceled against new conversion bonds subscribed by the French public, which still remain a governmental liability. However, the position of the Bank, which last year was in sore straits, is much improved; for, meantime it has increased its gold reserves to $800,000,000 and holds nearly $1,000,000,000 in foreign currencies, which represents credit transactions made possible by the repatriation of French capital...
This improvement in French state finances was put forward as good propaganda for a conversion loan in the U. S. On account of her financial instability and the fact that the Mellon-Berenger debt accord was not ratified by the French Parliament, France was obliged to pay 8% on some issues floated in the U. S. Now, pointing proudly to the achievements of a year, M. Poincaré proposes to borrow money at a cheaper rate to pay back the outstanding indebtedness to the U. S., thus saving a considerable amount in interest...
...Paris on the tenth anniversary of the A. E. F.'s appearance on French soil, seriously doubted the wisdom of turning 15,000 Americans loose in a country where Americans had become distinctly unpopular. Was that unpopularity wholly erased -by the stabilization of the French franc, the debt negotiations, the visit of Heroes Lindbergh, Chamberlin and Byrd...
...Save the King." He reminds England that President Wilson said "too proud to fight" to Mexico, not Europe, and that the man (Horatio Bottomley), who reported that Americans were wearing "We Won the War" buttons, was later jailed by England for another fraud. The vexed matter of debt collection is skillfully elucidated following an esthetic discourse on skyscrapers, of which the "stone and steel logic" is shown to be the reality behind the Uncle Shylock myth. The soul within the logic comes through in the eyes of Manhattan office workers who, it is well known, sometimes pause to gaze...