Today -100: December 31, 1924: Of total bankruptcies and debt

German Foreign Minister Gustav Stresemann says “If the Entente persists in the policy indicated by the refusal to evacuate the Cologne zone on Jan. 10 it will mean the total bankruptcy of the Dawes plan.” He asserts that Germany is now fully disarmed: “All statements to the contrary are fairy tales.” They have some weird-ass fairy tales in Germany.

Congresscritters think France means to repudiate its war debt to the US. The Senate is thinking of advising banks not to make any more loans to France until it makes arrangements to pay up.

Turkey will confiscate the property of Greeks, whether citizens of Greece or of Turkey itself, in retaliation for alleged mistreatment of Muslims in Thrace and something or other about Muslim property in Greece.

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