Word: young
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Dates: during 1920-1929
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...Young Plan Protested...
Business must sometimes subordinate itself to Politics. Seven weeks ago John Pierpont Morgan and other international big tycoons finished drafting at Paris the so-called Young Plan, embodying their potent recommendations as to how German Reparations may best be paid through an International Bank of Settle-ment (TIME, March 25, et seq.). Politicians representing Germany and the Creditor Powers must now accept or reject the tycoons' advice. Last week, after a month of spirited bickering among European chancellories, it was decided to hold a "Political Reparations Conference" in mid-August at The Hague. The immaculate, aristocratic capital of Queen...
...hard it may prove for the politicians to come to an agreement strikingly appeared last week at London, where the Young Plan was mercilessly flayed by David Lloyd George, balance-of-power man in British politics...
...Young Report is such an incredible report," said Mr. Lloyd George addressing Parliament, "that I felt I must have missed something when I first read it. I read it a second and a third time, and was confirmed in my feeling of amazement that it should ever have been presented to the British Treasury as a fair settlement of British claims...
...Chancellor of the Exchequer, observed in his most bilious tones, "I cannot trust myself to say what I think of the way we have been treated .... I agree with Mr. Lloyd George's statements. . . ." Although tacitly admitting that circumstances would probably oblige the empire to stomach the Young Plan, Chancellor Snowden militantly added that at The Hague he would make one paramount demand: The new International Bank of Settlement must be located in London...