Word: german
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Dates: during 1920-1929
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...very pleased with what I have observed about Harvard University, having discovered an upstanding group of young men with well balanced interests. You have more athletics, moreover, than are found in German universities and I attribute a fine appearance to the lack of excessive drinking prevalent in European student bodies...
...Francis M. Schirp, President of the New York Federation of German Catholic Societies, and President L. A. Ewald of the United Bavarian Societies of New York. They and others disputed the significance of the Endorsement of Nominee Smith, last fortnight, by the executive committee of the nationwide Steuben Society...
Unquestionably discussed by the three statesmen was the well known general thesis of Reparations Revision which was first broached between the German and French Foreign Ministers, Stresemann and Briand, during their once famed but now forgotten luncheon conference at Thoiry (TIME, Sept. 27, 1926). As generally envisioned, today, the project involves scaling down the future Dawes Plan payments to be made by Germany, in return for a present lump payment from Germany to the Allies. The only way that Germany can raise such a sum is to sell in the general investment market securities amounting to a mortgage...
Naturally the compromise just sketched in principle involves at every turn thorny factual problems which will have to be threshed out. For one thing the U. S. State Department may impair the whole arrangement by sternly advising U. S. financiers not to absorb the German bonds. For another thing Great Britain is known to be tolerably well pleased by the Reparations status quo; and Chancellor Churchill in particular has displayed reluctance to readjust his precariously balanced budget on the basis of a new arrangement with Germany...
Reports of the conference with Mr. Morgan were to the effect that the world market could not absorb sufficient German bonds to make the lump payment project feasible. In this case the statesmen can do no better than to definitely fix the amount of the annual payments, and the numbers of years during which Germany shall continue to pay them...