Word: settlements
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...existing high tariff law virtually eliminates the factor of payment in goods by Italy. The new policy which this settlement proposes, therefore, is that as an alternative of cutting our extortionate high tariff to a moderate extent or cutting our foreign debts to a correspondingly greater extent, we adopt the latter course. This policy would, for 62 years, penalize American taxpayers with continued high tariff taxes in the form of increased prices and also with the amount by which the Italian debt has been scaled...
...Negotiations. There were no clearly developed offers and counter offers as in the negotiations with the French. The two sides got together and gradually worked toward a settlement on the basis of Italy's capacity to pay. When the terms of the settlement were within reach, the Italians made an offer, the terms of which were carefully veiled from the public. Journalists got the idea that it was for the payment of $2,100,000,000 over 70 years. To this a counter offer was made by the Americans of about $2,500,000,000. From these two offers...
Observers were inclined to agree that the Italian debt-funding arrangement would soon bring France to another attempt at settlement. She is the only great nation that has not come to terms, and the flow of private U. S. credit into Italy after the Italian agreement is an inducement to similar action by the French. Also the French press intimated that France would now expect terms as lenient as the Italian...
...manage the difficult and extensive program which this list suggests, the Chamber proposes that a joint Trade Relations Committee be organized, composed equally of producers and distributors, to act as a clearing house for charges of trade abuses, to study existing trade abuses and their supposed preventives, to promote settlement of disputes, and to eliminate business wastes by producers and distributors...
...want to be sure that membership in the Court cannot be used either (a) to bring this country before the bar of the World Court in the settlement of a question that we do not care to submit to it, or (b) to marshal world-wide public opinion against us in case we have refused to submit a moot question to the Court...