Word: baseler
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Board-Room Banalities. "Only an American museum," says Director Charles Nagel, "would organize an exhibition of this kind; only Americans would undertake such self-analysis so unashamedly." To find the portraits they needed, Nagel and his assistants fanned out to museums as far away as Basel's Kunstmuseum, where they discovered the only known likeness of Andrew Johnson painted while he was in office. It was the work of the itinerant Swiss artist Frank Buchser. The scouts brought it back, together with the Buchser portraits of California's Sutter and Poet William Cullen Bryant, who looks as though...
...month's figures, the Board of Trade warned, does not mean the end of a situation that only a week earlier had sent the British to Basel to arrange another $2 billion in credits from friendly central bankers (TIME, Sept. 20). Indeed, the board last week pointed out that some of the August increase in exports resulted from an "erratic" jump in diamond shipments. Nevertheless the figures, coupled with those of earlier months, do indicate a trend of sorts. Exports from June to August as a whole are 5% above those of March, April and May. Said London...
Sudden Smashup. Before the central bankers hammered out final details of the scheme in Basel, the signs of a monetary storm were all too evident. Buffeted by the Czech crisis and persistent clamor for an upward revaluation of the strong West German deutschmark (a move that was drawing money out of London), the pound had sunk to within a whisker of its post-devaluation low of $2.38¼ in foreign exchange centers. Harold Lever, financial secretary to the British Treasury and a key figure in selling the scheme abroad, noted: "If the agreement had not been achieved, there would have...
That role, which the pound shares with the U.S. dollar, has long strained Britain's resources. Accordingly, the plan lifts some of the burden of maintaining a reserve currency from beleaguered Britain, shifting the cost to the multination Bank for International Settlements in Basel, as backed by the central banks of 13 industrial countries.* The London Times said approvingly: "Britain has placed the pound in the hands of the public receiver...
...PORTRAIT OF A WOMAN. The ambiance is that of the 16th century French court at Fontainebleau. "There was something of a topless craze then," explains Daniel Catton Rich, director of the Worcester Art Museum, which owns the painting. In fact, museums in Dijon and Basel have similar paintings -of a woman, half-veiled, sitting at her dressing table. While the pose is the same, each face is different...