Word: settlements
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...Treasury Department for its second conference on the funding of Italy's $2,000,000,000 debt. When the meeting was over, it was announced that there would be no more conferences until late in August. The reason? Apparently Mr. Mellon made it plain that any settlement must be made on the basis of Great Britain's settlement and any modifications must be based on proven incapacity of Italy to pay. Mario Alberti, Italian expert, replied that Italy was the only nation in Europe which was now spending less for military purposes than before the War; that higher...
...found that Senator Smoot was fully impressed with the great and far-reaching importance of promptly reaching a settlement. . . . On the other hand, he cannot overlook the fact that any adjustment arrived at between the representatives of the foreign nations and the Debt Commission of this country will have to go to Congress for final ratification. Unquestionably, many members of Congress will not view the problem in the broad light that it is entitled to, and will fight for the best settlement based upon a money consideration only. The fact which forms the fundamental basis of the world...
...Vice President, motoring down to Boston to see Owen D. Young (his co-worker in producing the Experts' Reparations settlement) from Manchester, stopped for half an hour to call at White Court. He said the President showed him the place including the lettuce and asparagus, and complained to the newspaper men that his Manchester speech, although it was "the best I ever made," had not received much publicity...
...Premier Mussolini has directed me to begin without delay the negotiations for the settlement of our war debt to the United States...
...have, therefore, carefully estimated the limits of our capacity to pay. It is obvious that a settlement practically impossible to fulfill or one which might cause disaster to the debtor is not desirable for either...