Word: war
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Dates: during 1920-1929
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Significance. Although a phrase in the new treaty defines as one of its objects "the maintenance of peace and tranquility," few statesmen could construe its major clauses otherwise than a loud war-threat to nations which might conceivably wish to attack Italy or Albania: a tiny Adriatic republic, mountainous, pestilence-ridden, and shaken early this year by a devastating earthquake. Since Italy can expect no substantial aid from so puny and impotent an ally, it became interesting to speculate on why the pact signed last week constitutes "one of the greatest strokes of diplomacy yet achieved" by Il Duce...
Observers, viewing the Christmas ware displayed last week, noted a sharp revival in the popularity of military toys. (In the lean, sorrowful years just after the World War, few Germans had the heart to give their children even dummy weapons of destruction...
Died. Giovanni Cardinal Bonzano, 60, onetime (1912-22) Apostolic Delegate from Rome to the U. S.; in Rome; after an operation a fortnight ago. He it was who as liason official arranged for an exchange of letters between Piux X (who sought to end the World War) and the late President Woodrow Wilson...
...Great Britain the shipbuilding, armament and heavy engineering industries still suffer the after-effects of the War. As result the British iron & steel trade (notably Vickers Ltd., and Armstrong, Whitworth & Co.) has suffered. Last year and the year before Armstrong, Whitworth had heavy losses. Vickers's earnings have been so poor that the company two years ago reduced its capital from $128,420,000 to $88,396,287, in order to make its dividend rate look respectable...
...nation's business will henceforth have offices in the air. Just completed are two Curtiss Falcons; standard army planes for observation and attack. In the observer's cockpit are fixed folding desks. In them will be prepared or studied reports, speeches, while Frederick Trubee Davison, Assistant Secretary of War for Aviation, and the Navy's Assistant Secretary for Aviation, Edward P. Warner, are winging their ways to keep appointments...