Word: germanization
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Dates: during 1920-1929
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...four hours a day or more, last week, the famed "Iron Man" of German finance faced the fiscal representatives of six creditor states,* thrusting at them reasons why Germany must not pay, either quickly or in full, the bills they have presented. With a studious, almost pugnacious restraint Dr. Schacht stopped time and again on the brink of saying, "Germany cannot pay." His manner bristled with the confidence that this conclusion would be reached by anyone not a nincompoop. Hour after hour the U. S. Chairman of the Committee, Owen D. Young, sat slightly reclined, with his long lawyer-legs...
...seaside, whose suntanned skin gives a false impression of renewed strength and abundant vitality? With an adverse trade balance of $240,000,000, how can Germany be really strong? Granted that the British taxpayer is paying $1,250,000,000 a year, the French $800,000,000, and the German only $600,000,000, even so, said Dr. Schacht, it is paradoxically true that Germany is the most heavily taxed country of all. Reason: while the Briton's and the Frenchman's tax money is spent at home, to his indirect enrichment, the German's tax payments...
Thus the Iron Man craftily raised the slumbering issue of whether U. S. holders of German bonds or the allied powers would have first claim upon the resources of the Reich. From the standpoint of the U. S. and Germany-and from their standpoint alone-the payments of both bond and reparations indebtedness are of approximately equal importance. The allied governments could watch Germany default on her U. S. bonds with relative unconcern; but any representative of U. S. interests must take care that the whole burden imposed on Germany is not too heavy for her to bear-even...
What looms ahead? Last week as Mr. Morgan sat on the Second Dawes Committee, he was undoubtedly pondering a fiscal operation beside which the half-billion-dollar loan to France and England would seem picayune. This project is spoken of as "Commercializing" the German reparations debt. By this is meant (TIME, Oct. 29) that long term "reparations bonds" may be issued against the resources of the German State, sold to the public, and the money used to pay off at once Germany's debt to the Powers...
Prosperous German piano tycoons once battened on the parents of flaxen-haired fräuleins. Each apple-cheeked Lorelei of 1914, required, as her minimum working equipment, a revolving stool, a well-tuned upright, and hundreds of sheets of such saccharine music as Die Unglücklichen Herzen (The Unhappy Hearts). Last week a survey of the German piano business showed how strikingly frauleins and times have changed...