Word: payment
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Dates: during 1920-1929
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Short-term certificates are issued on the quarterly tax-payment days. The present system has these defects, as explained by Secretary Mellon: 1) Money is borrowed in advance of actual needs with a consequent loss of interest; 2) The Treasury must give the certificates, which it sells at par, as low an interest rate as possible, yet high enough to meet momentary conditions of the money market. This involves difficult guesswork...
...Dawes Plan of 1924 fixed the annual sum Germany must pay her creditors (595 million dollars) but left undecided the total sum, or the number of years in which final payment was to be made...
...creditors insisted on a completion of payment under the Dawes Plan for the year ending January 1, 1930?a matter of some...
...under President Hoover's guidance, of course. All this his smile seemed to imply -but it really meant nothing of the kind. The so-called Hoover Solution awarding Arica and its nitrates to Chile, and the twin mining province of Tacna to Peru, with a six-million-dollar payment by Chile to Peru to boot-all this had been virtually agreed upon by the two countries prior to President Hoover's interest in the problem or Ambassador Moore's arrival on the scene. The ambassadorial smile in the picture was purely ambassadorial. Why he wanted...
From the treasury of Fokker Aircraft Corp. of America went last week 400,000 shares of Fokker stock. Purchaser was General Motors which with its purchase (40% of Fokker outstanding stock) gained control. In part payment for the Fokker stock, General Motors turned over to Fokker the capital stock of the Dayton-Wright Co., assets of which consist mainly of Wright Field, Dayton Aviation Field adjoining the famed but abandoned McCook Field (Wartime Army aviation center) and also a large number of aviation patents.* Following so closely upon General Motors' acquisition of a 25% interest in Bendix Aviation Corp...