Word: debts
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Dates: during 1920-1929
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Having shunned the issue for three years, the Deputies were faced last week with ratifying the Mellon-Berenger Debt Agreement (TIME, July 8). No other course was open to them. They had either to ratify the agreement or pay a separate War supplies account of 400 millions...
This was not an admission of France's racial dislike of paying bills so much as admission that the debt agreement would have to be ratified...
...ratified at once, as written, without reservation. Like bilious children avoiding bitter physic, the Deputies fought against ratification and used the issue as excuse to shin-kick the Poincaré cabinet. Meeting outside to Chamber, both the Finance Committee and the Committee on Foreign Affairs voted to ratify the debt agreement provided that a reservation was inserted making France's payments to the U. S. conditional on Germany's payments to France under the Young plan. Patiently Premier Poincaré reiterated that this would never be accepted by the U. S., which has immovably insisted that Europe...
...temporarily in or near the capital because of rapid naval disarmament developments. He. longed to get away to the usual British summer embassy at Manchester-by-the-Sea. Mass. French Ambassador Paul Claudel was likewise unable to escape because of the necessity of negotiating a postponement of the French debt settlement...
...Debt. Most important problem of the week was France's debt to the U. S. A. matter of 400 million dollars is owed by France for surplus war materials, due on August 1 unless France should in the meantime ratify the Mellon-Berenger agreement for funding the whole French debt ($4,025,000,000). The French deputies, anxious to avoid ratifying any debt agreement at all as long as possible, ingenuously asked Prime Minister Raymond Poincare to request more time from Washington. Dutifully M. Poincare instructed Ambassador Paul Claudel to interview Secretary of State Henry L. Stimson. Dutifully Ambassador...