Word: formulas
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Dates: during 1930-1939
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...creditors sign an agreement to this effect at Lausanne but refrain from ratifying it by their several parliaments until after the U. S. elections and until it becomes clear whether the U. S. will cancel in War Debts an amount proportional to the relief afforded Germany by the formula...
Quashing their quarrels and quibbles, Prime Minister James Ramsay MacDonald and Premier Edouard Herriot stood shoulder to shoulder in Lausanne last week, entreating Germany to accept an ingenious formula...
...this formula the Briton and the Frenchman had won over Japan, Italy, Belgium. Terms...
...Papen's Dream. Exceedingly ingenious and in the trickiest tradition of European diplomacy, the MacDonald-Herriot formula appeared to settle everything while actually settling nothing. It fitted the U. S. State Department's demand that Europe must reach a final settlement of Reparations without reference to War Debts, yet if the next U. S. President and Congress prove reluctant to cancel all or part of what Europe owes, the Allies or any one of them can regain a completely free hand, merely by failing to ratify the MacDonald-Herriot formula...
...That fact explained why Banker Dawes had resigned its presidency. It also explained why he talked about the loan being for "current requirements and to pay depositors" and not for '"liquidation." R. F. C. cannot lend money to liquidating banks. Thus smart Banker Dawes & advisers had found a polite formula that allowed the bank the option of buttressing its capital and staying in business or giving depositors the opportunity to withdraw their funds when, as if they saw fit, without undue haste, while other Loop banks remained unaffected by the perturbations of quick liquidation. Meanwhile Central Republic was reported...