Word: ironing
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Iron Man & Velvet Glove (See Front Cover...
...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...
...Germany, asked Iron Man Schacht, like a sick man recently taken to the 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...
Perhaps the most ingenious argument advanced by the Iron Man, last week, sought to prove that the huge U. S. loans made to Germany since the War provide not the best reason why Germany must pay her Reparations debt in full, but rather one of the best reasons why she should not pay. These U. S. bonds, reasoned Dr. Schacht, saddle Germany with the necessity of paying $240,000,000 interest, every year, and that stupendous charge obviously curtails the Reich's ability to continue paying the present $595,000,000 annual scale of Reparations...
First he inspected electrical and magnetic phenomena. Everyone knows, and had known, that they are intimately related. Electricity flowing through a wire coiled around a piece of iron makes that iron magnetic. As a piece of wire passes between the prongs of a horseshoe magnet, an electric current is generated. James Clerk Maxwell showed that the laws of electricity and of magnetism were very much alike. Albert Einstein, in 1905. showed that the forces were different aspects of the same mother force...