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...citizen or firm to float loans or extend new credit to any foreign government in default on its debts to the U. S. Unfortunately the Administration itself did not know what that meant. Secretary Hull had to ask Attorney General Cummings whether: 1) a nation that had made token payments on its War debts was in default; 2) Soviet Russia was in default because it had not made payments on the old Kerensky debt...

Author: /time Magazine | Title: THE CABINET: Debts & Defaulters | 5/14/1934 | See Source »

...indication of the vitality of the drama at Harvard this production is much to be admired. And if we see in it certain reminders of other admirable works of art we need not allow ourselves to be prejudiced against the spirit of which it is the token...

Author: By G. R. C., | Title: CRIMSON PLAYGOER | 5/3/1934 | See Source »

...thing seemed certain. The new Chamberlain budget, disregarding the implications in the passage of the Johnson anti-loan bill by the U. S. Congress, will include not even a token payment on Britain's War debt to the U. S. The two most insistent demands are for a lowering of the income tax at least sixpence in the pound, and restoration of the 10% cut in the Dole which was adopted three years ago. Politically it will be almost impossible to do one without the other. Even though unemployment dropped by 117,000 last month, restoration of the Dole...

Author: /time Magazine | Title: Great Britian: Surplus & Beggars | 4/16/1934 | See Source »

...character. Even if addled adolescents were not so noisily boastful about their Scollay Square standards, the same would be as obvious as dirty finger nails. No one disputes their preference for bawds, flasks and vacuums. It is easy to believe that their taste is genuine. By the same token one can readily admit the looseness of their code of business ethics. If they were on the other end of a Government contract or any other contract, they would bear watching. This would be taken for granted and due credit, without reserve, be given them for tricky cleverness. No cry would...

Author: NO WRITER ATTRIBUTED | Title: Stardust | 2/14/1934 | See Source »

...German public. Obeying strict orders from Minister of Propaganda & Public Enlightenment Dr. Paul Joseph Goebbels, German newspapers barely mentioned the Dutchman's execution, stating that "It was the purpose of the German Government to confront the public with an ac complished fact without long preliminary palavers as a token of justice, assurance, determination and as a warning to other international revolutionaries of the Communist persuasion." Since no correspondent witnessed the execution. Dr. Goebbels could and did put out an exclusive Government story of what occurred: At 5 p. m. Public Prosecutor Werner, whose speeches during the Reichstag Trial fill...

Author: /time Magazine | Title: GERMANY: Head Into Basket | 1/22/1934 | See Source »

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