Word: tokenized
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Only Finland has paid her debt in full to date. Great Britain, Czechoslovakia, Italy. Latvia and Lithuania have made token payments. The rest have defaulted. No mention did the President make of the Johnson Act which forbids all future public or private loans to defaulting nations. But in Washington early this week British Ambassador Sir Ronald Lindsay sent the State Department a note announcing that, because the Johnson Act invalidates token payments, Great Britain would pay not another farthing "until it becomes possible to discuss an ultimate settlement of the intergovernmental war debts with a reasonable prospect of agreement." Same...
Harvard last week received another token of the esteem in which it is held by Cambridge, Mass. To curb the "foolish, rampaging, nitwit Harvard students who break out into a riot now and then," Councilman Charles H. Shea proposed in Council that the city buy six horses (at $200 each) for its police. Said he: "We need mounted police for the Harvard students. I don't know if they are Communists, Bolsheviks or nuts, but we should be ready to cope with them...
While the President was busy deciding what message he would send to Congress on War Debts, the State Department was busy telling foreign diplomats about what would constitute "default." Attorney General Cummings interpreted the Johnson Act to mean that in the past token payers were not in default, because the President in accepting tokens had said they were not. Secretary Hull made it clear that token payments in the future would not save debtor nations from being technically in default. Questioned by newshawks, the President merely answered that whether a token payment constituted payment or default was a point...
...Cummings could have given half a dozen different replies making the Johnson Act into any one of half a dozen different laws. By his opinion last week the LAW became: 1) token payers (Czechoslovakia, Great Britain, Italy, Latvia and Lithuania) are not defaulters, therefore may receive new loans; 2) Soviet Russia is in default. Until the courts disagree, some future Attorney General gives a new ruling or Congress passes another law, Mr. Cummings' decision will be final...
...special message to Congress reminding it of the old mace and the new tablet and making the following suggestion: "It would be a gracious act for the U. S. to return this historic mace to Canada at the time of the unveiling of the tablet. The mace is a token of representative government established at York nearly a century and a half ago. . . . Since the agreement of 1817 the two countries have by common accord maintained no hostile armaments on either side of their boundary; and every passing year cements the peace and friendship between the peoples of Canada...