Word: settlements
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...touched exceedingly high levels for a few months last year, the average price for the whole year was only about 73? a pound, and the average for the past five years has been only about 32? or 33?. "Neither the Government of Great Britain nor that of the Straits Settlement gets anything out of it except so far as increased prosperity increases revenue derived from ordinary taxation. Further, it is in no way discriminatory or aimed at the American consumer, for the British consumer all over the world pays just as much as the American, and incidentally, seems...
...Spencer Churchill. Chancellor of the British Exchequer. A sleek, bearded Latin and an expansive, rubicund Briton. The most powerful self-made Italian industrialist, and the most genial onetime First Sea Lord of the British Admiralty. Such were the two completely antithetical statesmen who sat down to dicker over a settlement of the Anglo-Italian debt, in London, last week. What they said to each other naturally remained a diplomatic secret. But the two sets of public opinion between which they were expected to compromise have been made clear by the Italian and British press for some months past. Mr. Churchill...
...vote in the House had been a foregone conclusion. None the less the greater part of a week was spent in debate. From the line up of men from certain sections against the measure, some observers suspected that the Klu Klux Klan was bringing pressure to bear against the settlement...
...Arguments Pro. The forces for the settlement were led by Representative Crisp of Georgia (Democrat), Representative Burton of Ohio (Republican), who are both members of the Ways and Means Committee and of the Debt Funding Commission, and by Representative Ogden L. Mills of New York, one of the financial experts on the Committee. The argument they presented for the agreement was simple: Italy is bankrupt; these are the best terms we can get; this is all that Italy can pay. Representative Mills turned to the opposition with the declaration that the average income of the Italians is less than...
...Third Stage was the renewed conference, which closed last week. The basis of negotiations was somewhat different from what it had been five months earlier. Several plans for settlement were offered and rejected by one side or the other. The attitude which dictated the plans offered by each and the reasons for their rejection may be briefly set down as follows: The miners wanted to make sure that there would be no reduction in wages and at least some chance of an increase in wages; that no system of arbitration would be set up which either now or later might...