Word: moratoriumed
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Dates: during 1930-1939
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...Bankers." Major work of the Conference week was to organize ten committees, 24 subcommittees and to deal in the Steering Committee with a sensational proposal by pugnacious Mexican Foreign Minister Dr. Jose Manuel Puig Casauranc. He wanted the Conference to declare a six to ten-year all-American moratorium on international public and private debts. As high words began to fly, correspondents pressed their ears to the broad panels of the Steering Committee's door. Scandalized, the Conference secretariat sent Uruguayan Republican guards in blue uniforms with scarlet breastplates, spiked steel helmets and imposing white-holstered revolvers to chase...
Secretary Hull was bound to oppose Dr. Puig's moratorium, since it would deal a terrific wallop to U. S. holders of Latin-American bonds. On the other hand he dared not cast the Roosevelt Administration in the role of championing the forgotten bondholder. What Secretary Hull said, speaking without notes in a supposedly secret committee meeting, so enraged Dr. Puig that he roundly flayed the U. S. Delegation as advocates of "secret diplomacy" and praised the "honest press" of Montevideo for obtaining by pipeline methods the text of the U. S. Secretary of State's remarks...
...licensed to sell only his proportion of the domestic consumption of his product. The Government would decree minimum Chicago prices at Mr. Reno's much mooted "cost- of-production level," not at AAA's 1909-14 parity levels. In addition, the President was asked: to declare a moratorium on mortgage foreclosures, to refund the 4th Liberty Loan in new currency, to remonetize silver...
...There has been no moratorium on Cuba's debts, either at home or abroad. We are just proceeding with care, and if there are delays the people will have to be patient. . . . My salary, like that of all other Cabinet members, is $250 a month. Under Machado the Cabinet Members were paid more than $1,000 a month as well as receiving a share in the lottery profits...
...credit. Maturing mortgages amounted to some $700.000,000. There was no conceivable method of making $1 do the work of $7, so after the March banking holiday Superintendent of Insurance Van Schaick clamped down restrictions which stopped the guaranteed mortgage business but which granted the companies a moratorium. They were ordered to submit plans for reorganization. Meantime they put on a campaign to obtain releases from their guarantees and the state formed New York Guaranteed Mortgage Protection Corp. When the companies' plans for reorganization were all rejected this quasi-public protective committee went to work. Last week its plans...