Word: loans
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Dates: during 1920-1929
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...John F. Hylan, New York's Mayor, addressed a letter to the President on the subject of a proposed loan to Germany after the Dawes Plan is put into effect. The Mayor promptly made his letter public. It said...
Defaults. The question of a possible German default under the Experts' Plan was one of the great stumbling blocks to the proceedings of the Conference. Bankers who were concerned with the floating of an international loan of $200,000,000 for Germany, as provided for in the Experts' Plan, expressed the opinion that there was no tangible security for the loan (TIME, Aug. 4). Premier Herriot was obdurate in claiming France's right under the Treaty of Versailles to independent action in case of default...
...That, to safeguard the investors of the $200,000,000 loan to Germany, the Powers will engage themselves not to take sanctions that will in any way imperil securities pledged to the service of the loan. And that the Powers will consider the loan entitled to absolute priority on any German resources...
From which must be deducted 3,030,655,000 gold marks?cost of Armies of Occupation and loan made to Germany under the Spa Agreement...
Despite explanations that the loan was to meet pressing obligations and was not to show especial love for the U. S., the "Klan" cabled Fuka- zawa, President of the Electric Co., who was in the U. S., to cancel all bond subscriptions or make up his mind never to return to the land of the Cherry Blossom and the Death Penalty Club...