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...float during the last decade merely on the strength of reductions secured by foreign powers on their War Debts to the U. He hoped thereby to start a backfire against any further debt reduction. If could, he wanted to show that private financiers were anxious to bring about go ernment debt reduction for selfish re sons. He wanted to show how the U. S. had been what its businessmen and ban ers are now sheepishly admitting, "the world's champion sucker...

Author: /time Magazine | Title: National Affairs: Debts & Dissent | 12/21/1931 | See Source »

Studying the entire Cabinet, observers noted that every key post is held by an experienced, middle-of-the-road politician. Right and Left extremists have been excluded. In finance the new National Gov-ernment's line is clearly Protection in foreign affairs. In Indian affairs Scot Mac-Donald maintained the status quo (an Anglo-Indian deadlock) by appointing as Secretary of State for India, Sir Samuel Hoare, already British representative at the deadlocked Indian Round Table Conference...

Author: /time Magazine | Title: Foreign News: New Parliament, Throne Speech | 11/16/1931 | See Source »

...French revolution would probably follow any attempt by the French Gov ernment to give "preferential treatment'' to British holders of these bonds, for the numerous French holders are all resolute citizens who will stop at nothing to get their 19.3¢ on the franc if anyone gets...

Author: /time Magazine | Title: INTERNATIONAL: Again Gold: Perfidious Paris | 2/2/1931 | See Source »

...knew, the prime movers for any legislative gain that may be effected in the December- March session of Congress will be the insurgent Senate Republicans, who really are thought to desire an extra session of the 72nd Congress and who have the following legislative axes to grind: 1) Gov ernment operation cf Muscle Shoals, 2) Export Debenture farm-relief, 3) Antiinjunction labor mills, 4) The Norris bill to abolish "lame duck" sessions, 5 ) Large road-building appropriations. Senator Smith Wildman Brookhart of Iowa last week said he would favor a special session of the 72nd Congress unless all these measures...

Author: /time Magazine | Title: THE CONGRESS: Attempt at Truce | 11/24/1930 | See Source »

...Lena Ltd. informed the Soviet Gov ernment by telegraph that working condi tions in the gold fields had been made in tolerable and impossible by the interference and oppression of Soviet officials and. secret police. In these circumstances Lena wired that she was cancelling the powers of attorney of her representatives in Rus sia, withdrawing all her Occidental representatives from the country, and would await the decision of the Arbitral Board upon what must inevitably be the final winding up of the concession...

Author: /time Magazine | Title: Foreign News: Millions for Lena? | 9/15/1930 | See Source »

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