Word: skoda
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...scandal that never withers is Rumania's hardy perennial that munitions are sold in Bucharest on a strict basis of bribe-as-you-go. Disclosures of the week concerned the deal with Skoda, Czechoslovakia's Munitions Trust, which backfired when General Zika Popescu of the Royal Rumanian Army put a bullet through his brain (TIME, April 10, 1933). Just what had been at stake General Cihofhi of the Royal Ordnance Service volubly revealed to a Parliamentary committee last week...
...hobby of Director General Vickers, who is also a very active partner in the London brokerage house of Vickers D'Acosta. Fourteen months ago a munitions scandal shook Rumania. Army officers were charged with having accepted bribes to throw arms contracts to the great Czecho-slovak firm of Skoda. One of them committed suicide, others went to jail and the Skoda contracts were canceled. Not trusting any of his salesmen, Douglas Vickers was in Bucharest last week angling for this rich Rumanian prize. At week's end his London friends had the impression that the Rumanian contracts were...
...London, Rome, Petrograd, Washington, to convince Allied statesmen of the wisdom of lopping the ancient kingdom of Bohemia and surrounding Slavic territories from the prostrate body of Austro-Hungary to make a new republic. It so happened that this territory contained the rich rolling plains of Slovakia, the great Skoda munitions works, the potent Bat'a shoe factories, rich coal deposits, glass and steel works and the famed breweries of Pilsen...
Inevitably, after the war, Hungary caught the itch to rearm. The Treaty of Trianon, by which she made peace with the Airlines and Associated Powers, for bade it. Schneider-Creusot, however, was above treaties. Hungary got the money with which to place a large order with Skoda, the Schneider-Creusot subsidiary in Czechoslovakia--got it through the Banquet General de Credit Hongrois; Which in turn is financed by the Banque de 1'Union Parisienne, of which Eugene Schnelder is a director. Thus it was that Schneider contrived once again to circumvent his government and rearm a nation that France...
...voice crying in the wilderness was the voice of the French Deputy from the Creusot district, Paul Faure. Several times in 1931 and 1932 M. Faure made speeches to the Chamber. He raised the question of the Hungarian loan and asked, in essence, Who holds the bag? Obviously not Skoda; it had paid a dividend of 28 1/2 per cent in 1930, with never a recession in its steady year-by-year increases. He went further: he traced from the early days of the century the curious fashion in which French governmental loans insisted on relating themselves to Schneider Creusot...