Word: lump
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Dates: during 1920-1929
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...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 on the German State Railways and kindred properties. It is still persistently hoped by many Europeans that the U. S. will...
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...
...with respect to the bill, which had originated in the Foreign Ministry, where sole responsibility must rest. Thereupon, having blandished, explained and weaseled, the Prime Minister set his firm, pointed jaw and barked that he refused on his own responsibility to alter the bill, and critics could like or lump. There was of course, he smiled in conclusion, not the remotest thought of uniting church and state...
...Sweeten to taste, mix in a punch bowl, cool with a large lump of ice, and serve immediately...
...France's debt to the U. S. as soon as the Mellon-Berenger agreement is ratified. The difference in annual payments is only the difference between $20,000,000 and $30,000,000 (the Mellon-Berenger scale) but to have to pay out $400,000,000 in a lump would boost the French budget by 20%. Mr. Mellon replied to M. Poincaré that he could not, so near the end of his term, undertake the responsibility of waiving the $400,000,000 collection, which had come due through no fault of the U. S. but through France...