Word: snowden
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Dates: during 1920-1929
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...quarrel over whether Great Britain should get a larger share of the Reparations "sponge cake" (TIME, Aug. 19) was the German Foreign Minister's big chance. In the bitter fiscal struggle of France and her Latin allies to resist the demands of British Chancellor of the Exchequer Philip Snowden it came logically about, last week, that both antagonists found themselves willing to offer political concessions to the Reich for maintaining a benevolent neutrality...
Sponge Cake Showdown. On the fiscal battle line, choleric, drawn-faced Philip Snowden put away the clumsy weapon of personal insult, labored honestly to clarify the points on which he demanded concessions before Great Britain would agree to join with Europe in ratifying the Young Plan (TIME, May 13, et seq.). The plan proposes a certain division of German Reparations-called "sponge cake" by homely Yorkshireman Snowden-among the Creditor Powers (Britain, France, Belgium, Italy, Japan, etc.). Fortnight ago Chancellor Snowden rocked the fiscal and diplomatic worlds by demanding for Britain "MORE SPONGE CAKE!" But only last week...
...relentless pounding the little crippled Yorkshireman had driven into Latin heads that some sort of concession must be made to his demands. Shrewdly the French moved. Indignantly a question was raised by Prime Minister Aristide Briand: was the whole 45 million marks annual increase demanded by "mon cher M. Snowden" supposed to come out of the share in Reparations alloted to France (amounting to 54% of the total) ? Instantly, an actor taking his cue, the Governor of the Bank of France, potent Emile Moreau, was on his feet. With flashing eyes he cried, "If the whole of this burden...
...course this tableau was staged for the benefit of the French press and in hopes of making Chancellor Snowden feel like a Shylock. The second move of the French was to join with Belgium, Italy and Japan in presenting to Shylock Snowden a highly complex "final offer" which they claimed met 80% of his demands. What could be fairer...
When Chancellor Snowden had studied the Four-Power offer he denounced it as actually giving Britain only 20% satisfaction. Once more he demanded 100%, vowed he would take not a farthing less than the $10,800,000 per annum more "spongecake" he had asked at first...