Word: lenient
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Dates: during 1920-1929
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...small doubt that the time element worked in Count Volpi's favor, but there must have been other factors as well which enabled the Italian negotiator to convince Secretaries Mellon, Kellogg and Hoover and Senator Smoot as well that Italy deserved the terms she got-the most lenient which the U. S. has granted to any debtor nation, not excepting Belgium...
Reasons for Leniency. The reason that Senator Smoot and other members of the Debt Commission were willing to grant Italy such lenient terms was simple: They did not believe she could pay more. Her soil is not fertile enough to give Italy a big export surplus of agricultural products. She has very little in the way of natural resources. She has very high taxes and few wealthy people. All she has is cheap labor, and cheap laborers are very poor people from whom to raise taxes...
...settlement. She is the only great nation that has not come to terms, and the flow of private U. S. credit into Italy after the Italian agreement is an inducement to similar action by the French. Also the French press intimated that France would now expect terms as lenient as the Italian...
...matter of war debts this certainly implies a change in public opinion. Evidently there is no longer a continuous hue and cry for the eye for eye and ducat for ducat of a less understanding past. The Italian government has been allowed to make terms of a lenient kind...
...that Mr. Frank's abilities were no whit diminished by the undue noise being made over them, and 2) that he, quite possibly, knew nothing whatever about the advertisement. Last week, however, the Washington Post issued a quarter-page thesis which sought to "sell" President be equally lenient in our judgment of this one. Exceeding even the suggestion contained in his very name, Mr. Frank seems to be definitely, 'Loud...