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...cuts at next year's conference, if they want any permanent modification of the U. S. debts. Not alone could President Hoover execute a moratorium, even if the other nations accepted his proposal. War debt settlements are part of U. S. law and only Congress can suspend their operation. It was to win Congressional support well in advance that the President had summoned some Senators and Representatives to the White House, telephoned others. Adroitly he had averted political opposition by pitching his plan on a non-partisan level. In his statement he was able to list 21 Senators (twelve...

Author: /time Magazine | Title: THE PRESIDENCY: Moratorium | 6/29/1931 | See Source »

...grand jury consisted of twelve Methodist elders. If they found a presumption of guilt against Bishop Cannon, they would suspend him from all Church duties, including chairmanship of the Board of Temperance & Social Service, until 1934, when the next Church quadrennial convention would actually...

Author: /time Magazine | Title: Religion: Best Brain in America | 2/16/1931 | See Source »

...ought to begin now," he shouted, "by making it perfectly clear that we intend to remain effective rulers in every essential for a very long, indefinite period. . . . We will have no truck with lawlessness or treason, and will if necessary, suspend even the most moderate constitutional changes while there is bad spirit abroad...

Author: /time Magazine | Title: GREAT BRITAIN: Saved Again | 2/9/1931 | See Source »

...France has too much gold (see p. 19) and Mexico too much silver, financiers in half a dozen countries worried last week. At the end of the week Mexico's silver troubles came to an abrupt climax with the announcement that for the next two years Mexico would suspend gold payments of $25,500,000 on bonds normally falling due Jan. 1, 1933 according to the Lamont-Montes de Oca agreement of last July. At the office of Finance Minister Luis Montes de Oca in Mexico City and at the offices of J. P. Morgan & Co. in New York...

Author: /time Magazine | Title: MEXICO: Suspension of Transfers | 2/9/1931 | See Source »

...dividends from this insurance would be paid by the Insurance Company annually to the Harvard Fund. The policy holder would be in full control of his policy and if he desired to do so he could alter the matter of the dividend payment. By notifying the company he could suspend his payments to the Fund and have his dividends revert to him in cash, or have them applied as a part payment on his premium. If he was in a position to give his dividends to the Harvard Fund throughout the whole twentyfive year period, the amount which he would...

Author: NO WRITER ATTRIBUTED | Title: More About Insurance | 2/2/1931 | See Source »

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