The great financiers assembled in Paris as the Second Dawes Committee
spent last week in elaborating privately their plan of creating a
stupendous Bank of International Settlement (TIME, March 11) to deal
simultaneously and on a business basis with every phase of the German
Reparations problem. As the work progressed no public utterance was
made by any member of the U.S., French, German or Japanese
delegations, but the British and Italian chief delegates expressed
Sir Josiah Stamp: "There are three sides to
our problempolitical, financial and economic. And as soon as...
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