Word: bankes
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Dates: during 1930-1939
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Hereafter international balances in gold are to be met by the purchase and sale of gold between the New York Federal Reserve Bank, the Bank of France and the Bank of England. The price of gold for this system is set on a day-to-day basis, the U. S. starting the ball rolling with gold at $35 per oz., less a tiny handling charge. No longer is the U. S. Treasury licensing private traders to export gold on their...
...arriving at a currency system based on free exchange of gold. . . . We will probably come back to an international monetary standard on the only basis which appears to give general confidence." At this Britain's bankers cheered lustily and with unwonted enthusiasm Governor Montagu Collet Norman of the Bank of England pledged to Mr. Chamberlain that, if only the British Cabinet will adopt a policy of letting British bankers know what they want done instead of keeping them in the dark, "the Government will at all times find us willing, with good will and loyalty, to do what they...
...Linlithgow? When he arrived in Bombay there was not a single native newspaper which did not oppose the Constitution, and the earliest date by which Britons dared hope to put it into effect was 1940. The Marquess of Linlithgow had only just resigned as a Director of the Bank of Scotland, and was frankly both Capitalist and Conservative...
...Straus, who was born in 1872, served on the Board of Overseers, was president of R. H. Macy & Co. of New York, director of the New York Life Insurance Company, vice-president of the New York Chamber of Commerce, trustee of the Bowery Savings Bank, and a member of the Democratic Party...
...obscure and troublesome in the new tri-partite agreement between France, Britain, and the United Stats. It was, for example, confusing and irrelevent for Secretary of the Treasury Morgenthau to drag the Russian herring across the trail and speak of a "raid" upon the pound when the Soviet Bank was merely carrying on a pre-arranged commercial transaction of minor proportions. And neither is it especially clarifying to approach the agreement from the political side, to glory in the "offensive" upon dictatorships by democratic countries...