Word: settlements
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...getting champion of this basic principle of world recovery, President-elect Fraser faces a battling, buffeting year, will need all the stamina packed into his tough, square-shouldered frame. Typical of direct, common-sense Fraser methods was the Bank's settlement last week of the issue of "double taxation" with the City of Basle. Radical aldermen have demanded that the city pry into the private income of each employe of the Bank (already taxed in his home country) and tax it again in Basle. The Bank retorted by offering the city a lump sum payment of 50,000 Swiss...
...such as to create a moral and material obligation to contribute to her support." Counsel for M. Briand's nephew & heir, Charles Billiau, admitted the open secret of Mme Nouteau's relationship, will contest her claim to receive either 150,000 francs ($6,000) in lump settlement or an annuity of 18,000 francs ($780). Two months before he died M. Briand sent Mme Nouteau 10,000 francs ($400) as the last of many presents, left her nothing in his will...
Despite Sir Ronald's statement "everything has been arranged between President-elect Roosevelt and myself." negotiations will continue until Prime Minister James Ramsay MacDonald is thoroughly convinced that a settlement has virtually been reached or is virtually impossible. In the latter case Scot MacDonald will not go to the U. S. at all and Britain will quietly default. In the former happy case, Britain's snowy-haired Prime Minister will go with appropriate fanfare to sleep once more in the White House, will "agree" with President Roosevelt on debts as he "agreed" with President Hoover on naval disarmament...
...Last week London financiers threw in another $400,000,000 for good measure, took the grand total $1,500.000,000 as their "lump sum." The U. S. they opined (and in some cases wagered) will not collect more than that from all the Allied Powers. Any Anglo-U. S. settlement, they thought, will have to be made provisional until France comes to debt terms with...
...John Rolfe, ambitious for gold but willing to work for it. He lost his young wife in child-birth but kept his faith in tobacco-planting. He and Pocahontas (now a semi-prisoner in Jamestown) fell in love and were allowed to marry, since that would give the settlement a permanent hostage against Powhatan. After several backbreaking, productive years, Rolfe had made enough profit to go to England for a vacation. There at last Pocahontas saw the wondrous sights John Smith had told her of; and there she saw again John Smith, a middleaged, broken failure. Spoiled for her native...