Word: settlements
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...compact was hardly made before it was attacked in the Senate by the same group which attacked the Italian debt settlement. Senator James A. Reed of Missouri was particularly vigorous. He subjected Senator Smoot to a grilling examination on how the agreement was arrived at. He fiercely attacked the conduct of the American commission in making the agreement...
None the less the debt commission pursued its course. The day after Senator Reed's exclamations it made public a settlement which it had just made of the Jugoslavian debt of $62,850,000. Interest is suspended in the early years, beginning with ? of 1% at the 13th year and advancing to 3½% in the last 27 years of the 62 year period. In all $95,177,635 will be paid in principal and interest, but the proposed payments amount in value to only about 32% of the present face value of the debt...
French Reaction. Deputies of the Cartel des Gauches (coalition of the Left, which holds whatever balance of power may be said to exist in the French Chamber) immediately showed themselves hostile to the settlement...
...Approved the Belgian debt settlement by vote...
...exhibition of its power in England. At one swoop, the leaders of the trade unions are able to paralyze the circulatory system of an industrialized country to function. With the funds now at the disposal of the unions, this strength may be maintained for a month, and if no settlement be reached at the end of that time, the workers will have only a bleak prospect to look forward...