Word: settlements
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...times for $500,000 for disparaging the paintings of other dealers (to settle the last one out of court cost him $100,000), and that the U. S. Treasury accused Duveen Bros, of mulcting the Government out of $5,000,000 in unpaid duties, accepted $1,080,000 in settlement. Waiting and anxiety were over last week. Right at the top of all newspaper lists of New Year's honors was Sir Joseph Duveen, at last a Baron of the United Kingdom...
...double-edged huff, President Hoover and President-elect Roosevelt parted company last week on U. S. foreign policies. As a result any War Debt settlement went over until after March 4. In his special message to Congress last fortnight President Hoover said he wanted to make a combined attack on debts, disarmament and world economics by means of an executive commission. To that end he proposed again to seek the co-operation of his successor who, after their White House meeting of last November, had already refused to support his methods. Between the White House and the Executive Mansion...
Urbane Count Charles, a Catholic statesman intimate with his Catholic sovereign, had called in Georges Theunis, Minister of Defense, former Premier and negotiator in 1925 of the U. S.-Belgian debt settlement. He rehearsed the facts. Belgium had expected to receive German Reparations payments totaling $1,632,522,000 by 1988. In this expectation Belgium agreed to pay the U. S. a total of $727,830,000. Thus far Belgium has received $182,200,000, paid $39,800,000. Under the Hoover Moratorium all German Reparations payments ceased and have not been resumed. In these circumstances M. Theunis advised...
...fact that Belgium's elections last November weakened the Cabinet's majority, Count Charles resigned but was immediately reappointed by King Albert. The Belgian default communique called payment "impossible," stressed Belgium's "regret," offered the U. S. "complete collaboration with a view to seeking an all-around debt settlement"?i. e. renunciation by the U. S. of part of what Belgium promised...
...just as he was about to get into bed. The new note was simply a tactful revision of the old. In effect it said: "The U. S. is entitled to regard this Dec. 15 payment in any light it pleases; but we reserve the right to hope that the settlement question will be re-opened and that this payment may then be credited to that account." Most significant was the paragraph...