Word: payments
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Dates: during 1920-1929
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...gradually worked toward a settlement on the basis of Italy's capacity to pay. When the terms of the settlement were within reach, the Italians made an offer, the terms of which were carefully veiled from the public. Journalists got the idea that it was for the payment of $2,100,000,000 over 70 years. To this a counter offer was made by the Americans of about $2,500,000,000. From these two offers the final terms were arrived...
YEAR ANNUAL PAYMENT...
Then Count Volpi presented a check for $199,466.34 in payment of the odd dollars and cents of the account, so that the total of the debt would come to a round $2,407,000,000. The Count presented another check which was not expected. It was for $5,000,000-the first annual installment of Italy's payments. Mr. Mellon protested that the agreement calling for the payment is not valid until approved by Congress and the Italian Parliament, and that the payment is not due until next June in any event...
...Count's protestations overruled Mr. Mellon: "Our purpose in making this payment now was as a guarantee of our good faith in the agreement that we made and to show the world that Italy intends to carry...
...bill can be considered and passed by the House between the 14th and 23rd of December, so that it can go to the Senate immediately after the holiday recess, leaving that body a good two months to pass it and yet make it effective before the March 15 payment of income taxes...