Word: macdonaldization
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...told of the bog into which Europe's economy, weighted by Germany, was sinking. Senator Morrow, just back from Germany, had brought word of the fear of an armed uprising there. The President had been reading in the newspapers of Chancellor Briining's visit to Prime Minister MacDonald at "Chequers" to seek relief from"Reparations (TIME, June 15). U. S. bankers with five billion dollars invested in Europe had long been prodding the White House to ACT, to avert Germany's economic and perhaps political collapse. Since June i, $250,000,000 in gold reserves had fled...
James Ramsay MacDonald admitted to correspondents that he is President Hoover's pressure-putter. "I am charged with the diplomatic side of the question." said he. "Negotiations may be necessary with certain powers." On July 17 Pressure-Putter MacDonald will go to Berlin, will return the pressure-putting call of German Chancellor Heinrich Brüning on Scot MacDonald at "Chequer." (TIME, June 15). Thus world public opinion will be mobilized against expected French opposition...
...Great Britain, where the Labor Party is Socialist in platform and doctrine, Socialist Ramsay MacDonald was urged by his hotter-headed Clydeside followers to flay the Encyclical. But he kept his tem per, mildly said: "I shall wait for an interpretation by some Catholic dignitary in this country." Not until last week did the interpretation come, from Francis Cardinal Bourne, Archbishop of Westminster...
...British seemingly feared that, in expressing sympathy for Germany and hope that the U. S. will agree to scale clown Reparations, they had played a trifle too far into Dr. Brüning's hands. Emotional, sympathetic Host MacDonald had to ask his guest please not to give an interview when he got back to his London hotel. Dr. Brüning promised, kept his promise, gave a subdued interview later "on German soil" at the German Embassy. In a joint MacDonald-Brüning communique the statesmen promised each other respecting Reparations "close collaboration with other governments concerned...
...first played in the British Open five years ago and tied for sixth place. This year, with Jones, who has won three times, and Hagen, who has won four times, out of the Open, it seemed that he, or one of several British players would have a chance. MacDonald Smith, another Americanized Scot, who finished second to Jones twice last year, won the qualifying rounds. In the championship play he slipped back and Jurado, Armour, Joe Kirkwood, stocky little Gene Sarazen, Johnny Farrell who carried a rabbit's foot in his pocket, and two British professionals, Cotton and Twine...