Word: settlement
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Dates: during 1930-1939
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Urbane Count Charles, a Catholic statesman intimate with his Catholic sovereign, had called in Georges Theunis, Minister of Defense, former Premier and negotiator in 1925 of the U. S.-Belgian debt settlement. He rehearsed the facts. Belgium had expected to receive German Reparations payments totaling $1,632,522,000 by 1988. In this expectation Belgium agreed to pay the U. S. a total of $727,830,000. Thus far Belgium has received $182,200,000, paid $39,800,000. Under the Hoover Moratorium all German Reparations payments ceased and have not been resumed. In these circumstances M. Theunis advised...
...just as he was about to get into bed. The new note was simply a tactful revision of the old. In effect it said: "The U. S. is entitled to regard this Dec. 15 payment in any light it pleases; but we reserve the right to hope that the settlement question will be re-opened and that this payment may then be credited to that account." Most significant was the paragraph...
...causes of the Depression may be manifold but War Debts and reparations have been a major cause and a settlement is an indispensable condition of a revival of general prosperity. . . . Reparations and war debts represent expenditure on destruction. Fertile fields were rendered barren and populous cities a shattered ruin. Like the shells on which they were largely spent these loans were blown to pieces. [Their] repayment necessitates unnatural transfers which provoke widespread economic evil...
After Kaplan's removal from office the suit was temporarily suspended for the judge to arbitrate the amount of settlement. Next week Kaplan and 22 henchmen go on trial in Manhattan on indictments charging coercion and using physical violence against critics of Local...
...guaranteed the agreement of her vaudeville partner George Jessel to pay $100,000 to his recently divorced wife: ''With Mr. Jessel's ability to earn $10,000 a week, it seems ridiculous that anyone should be asked to guarantee a paltry $100,000 property settlement...