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...economist to another, expounded the theory that only drastic financial measures could better the situation. Before they had talked for many hours, they had drafted an agreement, the gist of which was that in return for Adolf Hitler's good behavior Great Britain would see that Germany had access to world markets and to raw materials. To help the Third Reich turn its swords into plowshares an international loan would be granted, although Mr. Hudson later denied that any mention of $5,000,000,000 was made...

Author: /time Magazine | Title: POWER POLITICS: Smoke and Fire | 7/31/1939 | See Source »

...years of the neutrality seesaw, three schools have fought to control U. S. peace policy: 1) the "sanctionist" school, led by former Secretary of State Stimson, aims to keep the U. S. out of war by penalizing aggressor nations which start wars-depriving them, but not their victims of access to U. S. resources and credits; 2) the isolationist school, headed by some 40 Senators, argues that it is not the business of the U. S. to act as judge of international morals-let the U. S. keep out of war by having nothing to do with any nation that...

Author: /time Magazine | Title: THE UNITED STATES: How to be Neutral | 7/17/1939 | See Source »

Another power in Danzig, Mr. Chamberlain said, could "block Poland's access to the sea and so exert an economic and military stranglehold upon her." While there was no question of "any oppression of the German population in Danzig" and the present status of the City was "not basically unjust or illogical," he believed that in a "clearer atmosphere possible improvements could be discussed...

Author: /time Magazine | Title: POWER POLITICS: We Have Guaranteed | 7/17/1939 | See Source »

...partner) of the highly political London and Paris Lazard banks. Lazard's of Manhattan underwrites securities and, above all, does a big business in foreign exchange. Invaluable to this clearing house of news, bullion and foreign capital will be Jeidels, who is a friend of Montagu Norman, has access to choice Continental pipelines into Hitlerland...

Author: /time Magazine | Title: BANKING: Insider from Overseas | 7/3/1939 | See Source »

...that time Sir Thomas fumed: "It is seriously proposed that because we are suffering from a temporary access of jitters and jumps that would bring discredit upon a community of elderly nuns we should discontinue an event that is as regular a feature of our yearly calendar as the Royal Academy, the Military Tattoo, or the Eton and Harrow cricket match...

Author: /time Magazine | Title: Music: Pills, Pains | 6/26/1939 | See Source »

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