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There were things in it he did not like, and Minister declared :that "in regard to the Dawes report particularly, the Government had the wholeĬountry behind it. His position in greater detail the London correspondent of the New York "Times" said that the Prime Peace and security to the Continent." In outlining When that is done, go on 4nd finish the job and bring Into operation all at once and all together. Quoted as saying, "Here is Europe's chance. Where he was the guest of the Lord Mayor. Made this plain in an address in York on April 19, Apparently theīritish are eager to bring about an actual and complete settlement between Germany and France justĪs soon as possible. Except for the further sharp recoveries in sterling,įrench and Belgian exchange, it would have beenĮasy to believe that little or no change was taking The facts have been exaggerated to some extent. Jockeying for position over the Dawes report haveīeen going on between the French and Germans. Indicated that considerable backing and filling and The Paris and Berlin cables the present week have This spirit business revival would speedily become an Them." If only Congress could be induced to act in Must put all of their energy upon what they can doįor the people, not upon what they can get out of To be successful, and all those connected with it, The Government does not lie in wringing all the revenue it can from the people, but in making their burden as light and fairly distributed as possible, consistent with the proper maintenance of the necessary On the functions of Government: "The success of The President was equally happy in his treatment To be, when the way has been safely paved for the undertaking, would seem to be clear from the announcement that has just come regarding the bankingĬredit arranged through the International Acceptance Bank. Loan should at once be made to Germany for immediate pressing needs, including the financing of aīank," he took pains to add "I trust that privateĪmerican capital will be willing to participate inĪdvancing this loan." What the response is likely "part of the plan contemplates that a considerable He went further and referring to the fact that
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With full sympathy and that Germany had indicatedĪ willingness to co-operate in the execution of the Gratification that the Allies were looking upon it Has occurred since the armistice," and he expressed Coolidge with unerring accuracy remarked that "nothing of more importance to Europe Upon as soon as the obstacles in the way of the carrying out of that scheme have been successfully overcome.Īs to the President's speech, it was a most comprehensive survey of the outlook, foreign as well asĭomestic, and was heartening and stimulating in German loan which forms an essential part of theĭawes scheme and which can be confidently counted The event looks like the precursor of the big Plan, the significance of the event can readily be Institution for which provision is made in the Dawes As this German Rediscount Bank is expected to be absorbed by the new note issuing Hjalmar Schacht, by a group of banking institutions in this and other cities headedīy the International Acceptance Bank, Inc., of Quite a considerable sum had been established inįavor of the new German Rediscount Bank, organized by Dr. In the announcement late last night that a credit for Plan in its larger aspects will mean was furnished The adoption and general acceptance of the Dawes Germany and President Coolidge's speech at the annual luncheon of the Associated Press held at the The encouraging factors the present week have been the favorĪccorded the Dawes plan for the rehabilitation of Recession in trade and business, which has been aįeature of the situation since the beginning of March, Other disturbing and objectionable measures, the Legislation and the consideration by Congress of
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Owing to the delay in tax reduction, soldier bonus WilllanuDana Seibert Secretary, Herbert D.Seibert. President and Editor,Jacob Seibert: Business Manager, William D.Riggs. Published every Saturday morning by WILLIAM B.
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E.0.įront, Pine and Depeyster Streets, New York. STATE AND CITY (semi-annually) BANKERS' CONVENTION (yearly)ĬHICAGO OFFICE -19 South La Salle Street. Subscription includes following SupplementsīANK AND QUOTATION (monthly)1 RAILWAY & INDUSTRIAL (semi-annually. Remittamces for European subscriptions and advertisements must be made NOTICE.-On account of the fluctuations in the rates of exchange, The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.