Word: planned
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Dates: during 1920-1929
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Owen D. Young. Principal author of the Dawes Plan, he has served Europe as the all-wise financial consultant on reparations. Great has been his work; small has been his talk...
During that black interlude, and while Dr. Schacht was telling German correspondents that further negotiations would be useless, an entire new plan was drafted in Paris by Chairman Young, working far into every night, consulting frequently with the senior U. S. delegate, J. Pierpont Morgan...
When the "Iron Man" returned toward Paris, he was met at the French frontier by three subordinates of the German delegation, bearing copies of the Young Plan. Three hours later Dr. Schacht reached Paris, and for two hours was closeted with Mr. Young. Both emerged in evident good humor. Quickly a special meeting of the Second Dawes Committee was called by Chairman Young, who rapped briskly for order and then said...
After these words he gave a brief exposition of the proposed plan, and almost at once Japan's Kenjo Mori rose to voice warm approval. Previously extreme pessimism had been the attitude of the Japanese chief delegate (TIME, April 22, et seq.). Within a few moments it was evident that Britain's quiet Sir Josiah Stamp would back the Young Plan. Only the French and their Continental Allies looked glum...
...points of the Young Plan...