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...these prolegomena, he launched into the discussion of the terms we have offered to debtor nations. He told how we had lent money to the Allies during and following the War at 5% interest, then considered a fair rate. He told how the British debt at the time of settlement amounted, with interest, to $4,600,000,000. In settling this account, we agreed to accept interest at the rate of 3% and 3½% during 62 years while the principal was being paid up. Meanwhile, the U. S. which borrowed the money to lend to Britain, is paying...

Author: /time Magazine | Title: National Affairs: Borah Remarks | 2/2/1925 | See Source »

...Paris Peace Conference. It was there that Baker -the spectacled, professional, earnest man with his deep chin-dimple and his mustache-grew to know Woodrow Wilson well. Afterward, Mr. Wilson gave him access to his papers, and Mr. Baker produced, two years ago, Woodrow Wilson and World Settlement, a three-volume exhaustive study of the Versailles Peace. It was probably Mr. Wilson's perception that he was a writer of earnestness, intelligence and accuracy as well as of force and spirit that won him the opportunity of making his three-volume study...

Author: /time Magazine | Title: National Affairs: A Life of Wilson | 1/26/1925 | See Source »

...Phillips-Jones Co., whose losses under this alleged patent infringement have been stated at $4,000,000, brought suit against the above-mentioned concerns a year and a half ago. Prolonged litigation ensued, which has only recently been terminated by settlement out of court. The Phillips-Jones Co. have received a "substantial sum," and under agreement with the defendant concerns will issue licenses permitting the latter to manufacture the two-piece collar on a royalty basis. The Phillips-Jones Co. continues to hold the exclusive right to make the one-piece collar...

Author: /time Magazine | Title: Business & Finance: Soft Collars | 1/26/1925 | See Source »

Much satisfaction was evinced in Europe over the settlement of the U. S. claims. The U. S., thought Europeans, had become "one of the contracting parties to the Experts' Plan and the general reparations questions...

Author: /time Magazine | Title: REPARATIONS: Accord | 1/19/1925 | See Source »

Following the recent crisis, caused by the assassination of the Sirdar, Sir Lee Stack (TIME, Dec. 1 et seq.), Parliament was prorogued for a month. It was hoped that during this period the King's Premier, Ziwar Pasha, appointed to effect a settlement with Britain, would be able to gather about him supporters enough to make his Cabinet secure in Parliament. The attitude of Parliament, however, did not change; ex-Premier Saad Zaghlul Pasha continued to enjoy the confidence of both Chambers and that meant an anti-British policy which could only embroil Egypt further with Britain...

Author: /time Magazine | Title: EGYPT: New Election | 1/5/1925 | See Source »

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