Word: macdonaldization
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Most credit for inducing the Lausanne Conference to come to some sort of an agreement last week belonged to snowy-haired, silver-tongued James Ramsay MacDonald who suffered agonizing headaches from overworking his weak eyes. When the long grind of 24 days ended, climaxed by 60 hours of almost ceaseless negotiation, statesmen and correspondents gave way completely to their emotions...
...great moment when the rich and moving voice of Scot MacDonald solemnly proclaimed: "We have reached, I believe, the best conclusion that could be reached for world peace, especially for European peace...
Still wracked by a terrible headache Scot MacDonald was unable to write or dictate his final speech as Chairman of the Lausanne Conference. At the last moment he rose from bed, signed for Great Britain and declared ex tempore, "Our agreements must have response elsewhere. [They] must be placed within a world framework...
...Papen's Dream. Exceedingly ingenious and in the trickiest tradition of European diplomacy, the MacDonald-Herriot formula appeared to settle everything while actually settling nothing. It fitted the U. S. State Department's demand that Europe must reach a final settlement of Reparations without reference to War Debts, yet if the next U. S. President and Congress prove reluctant to cancel all or part of what Europe owes, the Allies or any one of them can regain a completely free hand, merely by failing to ratify the MacDonald-Herriot formula...
Under orders from Berlin, Chancellor von Papen presently called on Scot MacDonald in Lausanne. He demanded that the MacDonald-Herriot formula, if signed, should become binding immediately upon its ratification by a majority of the signatory powers. In other words France must not be permitted to keep everything in suspense until after the U. S. elections by delaying her ratification. Secondly the Chancellor declared that the German bond issue could not be for more than two billion marks, half what the Allies demanded and 1/57 of what Germany agreed to under the Young Plan. Finally von Papen demanded the writing...