Word: snowden
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Events at the Hague Conference were in such a desperate snarl last week as Chancellor of the Exchequer Philip Snowden continued bickering for a bigger piece in the reparations "sponge cake" (TIME, Aug. 12 et seq.), that progress could best be traced in terms of personages...
Thomas William Lamont. First authoritative word that choleric Chancellor Snowden was losing the support of British financiers came at London from Thomas William Lamont, brisk, decisive, crinkly-eyed partner of J. P. Morgan & Co. Chatting with a correspondent of the New York Herald Tribune?a paper on which he once worked as a reporter?Mr. Lamont said that, although "The City" (financial London) at first strongly backed Chancellor Snowden's demand for £2,000,000 per annum more sponge cake, there was now lively apprehension lest that same demand should wreck the Conference and prevent adoption of the Young...
Clearly the existence of such a state of mind meant that last week "The City" was putting heavy pressure on the Labor Cabinet of Prime Minister James Ramsay MacDonald, and through him on Chancellor Snowden. As Mr. Lamont left London to sail on the Olympic for Manhattan, his cheerful air kindled confidence among businessmen that "The City" would yet put things right...
Gustav Stresemann. The Hague Conference was called to put into operation the Young Plan (TIME, June 10) which fixed for the first time the total Germany must pay in Reparations. Neither Chancellor Snowden nor anyone else has made the slightest objections to this basic feature of the Plan. The whole quarrel at The Hague has been among the Creditor Powers, squabbling over how big a slice each could get. Abruptly last week the squabbling delegates were reminded of the basic-issue by Germany's Foreign Minister, bold, astute Dr. Gustav Stresemann...
Somehow or other the party became a marked success. There was no formal banquet table, no rigid order of precedence. Queen Wilhelmina had seen to that. She knew that Chancellor of the Exchequer Philip Snowden would be outranked as a mere treasury official by the several prime ministers and foreign ministers present?and certainly Mr. Snowden would have been furious had he been seated below Prime Minister Eleutherios Venizelos of Greece! Therefore the delegates were seated not at one straight table but at ten round ones. Each statesman might fancy that where he sat was the head...