Word: snowdens
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...indicate that the schism within the Labor ranks was healed. Such was not necessarily the case; for Premier MacDonald is irretrievably bound to the Anglo-Russian Treaty?which is to be used as a lever to oust the Laborites (TIME, Sept. 29)?while Chancellor of the Exchequer Philip Snowden is opposed to the financial clauses of the Treaty on the ground that the Government would be unable to finance the cheaper food scheme as contained in the above platform...
Economic. In London last week, political circles were thrilled by a speech from Chancellor of the Exchequer Philip Snowden, "Enemy of Capitalism" as some still like to call him. His words were prophetic, revealing, in the present, a rift within the Labor Party and, in the future, the shoals of dangerous commercial enmity. His utterance, issued in that sharp, rasping voice that verges upon the disagreeable, implicated the Free Trade platform upon which Labor stood at the last election (TIME, Nov. 26 et seq.), and gave shape to a political crisis that may, some predicted, involve the country...
...been said that Premier Ramsay MacDonald is a politician and an opportunist before a Socialist. Philip Snowden is a Socialist before all else, yielding nothing, "consumed with one passionate purpose," "a Robespierre of concentrated and remorseless purpose...
...When Mr. Snowden became Chancellor of the Exchequer, enemies gazed upon his crippled form-the result of a bicycle accident when young-and declared him an idealist, a pacifist, a radical, a man without training for the high office of Chancellor. To them he was a despicable figure. Then came his budget (TiME, May 12). People were forced to change their views. When that "pallid, hatchet-faced man, small, leaning heavily upon his crutches, dragging one foot helplessly along the ground," took his place upon the Treasury Bench in the House of Commons, made his budget speech, they recognized...
Significance. The economic situation on the Continent gave poignancy to Snowden's speech. What did he mean by saying that a trade agreement between France and Germany "may well offset this expected result ?" This: By the Treaty of Versailles Germany's Ruhr coal was separated from her Alsace-Lorraine iron ore. The coal remained in Germany; the ores went to France. France has not enough coal; Germany has not enough iron ores. The logical thing for France to do is to follow the advice of that ex-Premier of France and economic genius, M. Joseph Caillaux, and seek...