Word: channelize
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During the War Monsignor Pacelli was appointed Nuncio at Munich. That nunciature was the channel through which many, an important diplomatic negotiation was carried on between the warring nations. Nuncio Pacelli was entrusted with Benedict XV's famed peace proposals which German liberal politicians seriously considered. Later, in the first of Germany's numerous small putsches, Pacelli was nearly assassinated in the streets of Munich. With the founding of the Weimar Republic he established a nunciature at Berlin, arranged concordats between the Vatican and Bavaria and Prussia before returning to Rome in 1929 to accept a Cardinal...
...Julius Caesar, St. Augustine of Canterbury, William the Conqueror and almost everyone else through the ages who has traveled between England and the Continent, the English Channel has been an annoying journey. This week marks a partial end of that ancient inconvenience. It is now possible to board a train in London, go to sleep, and wake next morning in Paris, as one of three big train-ferries carries the whole train across the 50 rough miles of water from Dover to Dunkirk...
...bill was belabored by M. Paul Reynaud, long the chief advocate in France of devaluation and last week riding the crest of acclaim. Deputies and Senators who used to scoff at his ideas showed strong inclination to regard him as an expert pilot in the difficult monetary channel France must now navigate. Deputy Reynaud dismissed as of minimum importance the stabilization agreement Finance Minister Vincent Auriol had verbally obtained from U. S. Secretary of the Treasury Henry Morgenthau Jr. and British Chancellor of the Exchequer Neville Chamberlain (TIME, Oct. 5). It was scarcely worth the breath in which it w.as...
...temporary and probably an artificial stability in foreign exchange on the part of a few large countries only." Last week U. S. Secretary of the Treasury Henry Morgenthau Jr., British Chancellor of the Exchequer Neville Chamberlain and French Finance Minister Vincent Auriol got together by transatlantic and trans-Channel telephone and apparently achieved precisely what the President had derided in 1933. Mr. Morgenthau was of course acting for the President, but at Hyde Park last week Mr. Roosevelt did not actually eat any words, refused absolutely to comment on the reduction of the French franc to a new value...
...Paris for months and years the franc has been repeatedly hammered by lack of confidence which has ebbed & flowed like an erratic financial tide. Each time panic was in the air, huge shipments of French gold have been piled aboard transatlantic steamers and trans-Channel planes. Such "flights from the franc" have more than once been at a faster rate than they were last week -but with that obstinacy which is a leading French characteristic, Cabinet after Cabinet in Paris refused to yield and cheat possessors of francs by reducing the value of the money in their hands until...