The Labor Statesman
data provider: CONTENTdm
alternative: [The Labour Statesman]
is referenced by: https://resolve.library.ubc.ca/cgi-bin/catsearch
is part of: BC Historical Newspapers
issued: 2024-01-23
issued: 1925-11-27
aggregated CHO: https://open.library.ubc.ca/collections/labours/items/1.0438897/source.json
format: application/pdf
note: Owned by the Vancouver, New Westminster and District Tradesmnd Labor Council ^gg^» « Official Organ of The Canadian Labor Party -v- Mo. 84—EIGHT PAGES VANCOUVER, B. C, November 27th, 1925 FIVE CENTS PER COPY Debt Settlement Favors Mussolini , Thanks to the House of Morgan, the Italian dictator, Mussolini, scored a great triumph in the settlement of Italy's debt to the United States, " . ''"■' -, TJie American debt commission, headed 6y Mellon and Smoot, ari<Jf with the approval of President Coolidge, has agreed to accept about 2Q.£ents on th'e dollar and Italy has sixty-two years in which tb make good. Great Britain was glad to get off by paying 75 cents on. the dollar?'- * France offered 58 cents a few weeks ago and after Mellon had privately accepted the proposal it was thrown out by the President, largely Because of Borah's protest. Little Belguim was compelled to pay about 40 cents on the dol* lar and that was considered a tremendous concession. Why was the most brutal dictatorship in Europe granted the most favorable terms ? The answer is in the first paragraph .of this article. Italy's dictator has won a victory which may enable him to overcome the rising, tide of discontent but Morgan, the monarch of American finance, is entirely resppnsible. The word of Morgan is final with this administration. One of the partners, Dwight W. Morrow, spends a large part of his time in the White House and is the President's first advisor on major issues...'.'' '' , Mussolini wanted a lenient settlement in order that Morgan might float a large loan for him in this country.. • Arrangements' for the private loan^were made the moment President Coolidge approved the settlement. - - Mussolini is to get $100,000,OOQ and various Italian municipalities are promised $60,000,000 more. '■-•-', Morgan- had ah-eady advaneed*$50,000,000 to the-yictato^-»nd this is to be repaid with generous interest as soon as American investors have subscribed for the new loan. In addition the House of Mofg…
note: Title changes in chronological order: The Labor Statesman (1924-04-25 to 1965-03), The Labour Statesman (1965-05 to 1969-09). From 1924-04-25 to 1965-03 The Labour Statesman was owned and published by the Vancouver and District Labour Council. From 1965-05 to 1967-07 it was published jointly by the B.C. Federation of Labour and the Vancouver and District Labour Council. From 1967-08 to 1969-09 it was published by the B.C. Federation of Labour.
has type: Newspapers
spatial: Vancouver (B.C.)
is shown at: 10.14288/1.0438897
language: English
lat: 49.246292
long: -123.116226
provider: Vancouver : University of British Columbia Library
publisher: Vancouver, B.C. : Vancouver and District Labour Council
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format : UBC Library
type: Text