Word: moratorium
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...cannot be often enough stated that the word 'moratorium,' which unfortunately has been employed so much to indicate an exercise of the limited right of Germany to postponement of payments under the Young Plan, has led to the wrong and misleading notion that Germany is striving for cessation of payments...
...Added wishes to the hope of Laborite Lieut. Commander J. M. Kenworthy who, speaking only for himself, declared that with a little encouragement the U. S. would grant Great Britain a debt moratorium. "The conference to consider it," said he plausibly, "should be called by the United
States, but that country apparently is afraid to make the move, so England should take the initiative. . . . All America-all of Eastern America and the American bankers-is in favor of a policy of moratorium, but the Middle West has not come over...
...according to the Lamont-Montes de Oca agreement of last July. At the office of Finance Minister Luis Montes de Oca in Mexico City and at the offices of J. P. Morgan & Co. in New York where this announcement was given out simultaneously, officials fought shy of the word Moratorium, explained that this was a mere "suspension of transfers...
...memorandum which, by some ghastly slip, received publicity, revealed the German Finance Minister's personal conviction that Germany can pay what she owes under the Young Plan, whereas for press purposes the official attitude of the Briining cabinet is that Germany cannot pay, must eventually ask a moratorium...