Word: defaults
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Dates: during 1930-1939
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...Last week occurred another momentous polit co-economic event. The U. S. collected 8% on its June 15 War Debt payments. Britain paid as a "token'' $10,000,000 in silver (at 50? per oz.) which the President declared was no default. That France was in default, no one could deny. Like six other debtors, she paid nothing...
...With Paris committed to repudiation," retorted Candidate Cox, referring to the French debt default, "we cannot have a Frenchman...
...ounce on the world market last week but was accepted as worth 50? per ounce by the U. S. Treasury under the Thomas amendment to President Roosevelt's Agricultural Relief Act (TIME, May 22). Great powers which did not pay in full (thus placing themselves legally in default) were headed with greatest dignity by the Government of His Britannic Majesty. After frantic cabled haggling for 48 hours between Whitehall and the White House a formula was found. In Washington tall, ruddy British Ambassador Sir Ronald Lindsay delivered to the State Department a note offering...
...Commons. Read Mr. Chamberlain, quoting the President, " 'Inasmuch as the payment made is accompanied by a clear acknowledgment of the debt itself, in view of these representations and of the payment, I have no personal hesitation in saying that I do not characterize the resulting situation as a default.' " (Loud House of Commons cheers.) Speaking for himself. Chancellor Chamberlain wound up beaming, "I need only add that we propose to make this payment in silver [cries of 'Hear! Hear!']. . . ." Amid further cheering and compliments to President Roosevelt in which M. P.'s of every British...
...Debt payments falling due June 15. Because his voice carries farther on the floor than off, many a Senator itched to prolong the session and harangue Washington and the world on these twin subjects, imparting advice to the U. S. delegation in London, flaying foreign debtors about to default. The President was tired and wanted to get away this week on his own vacation which included a sail up the New England coast on the schooner Amberjack II to his mother's summer home in New Brunswick and a speedy run down to the Virginia Capes on the cruiser...