Word: boarded
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Dates: during 1920-1929
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Died. Benjamin A. Armstrong, 85, board chairman of Corticelli Silk Co., president of New London National Bank of Commerce; at New London, Conn...
...Confirmed the Federal Farm Board...
Chairman of the Board to be elected by the Governors for a term of several years, indefinitely renewable. Expectations at Baden-Baden were that a U. S. citizen would be elected Chairman, might find the office a lifetime...
...soon rounded out a major portion of their labors by announcing that they had reached agreement in principle on the following attributes of the Bank for International Settlements (now begin ning to be called the "Young Bank"). Capital to be $100,000,000 as envisioned in the Young Plan. Board of Governors to comprise: first, six Governors ("Bix Six") representing the central banks of Britain, Belgium, France, Germany, Italy, Japan; second, two U. S. Governors ("Big Two") elected by the "Big Six"; third, six more Governors ("Little Six") each selected by one of the "Big Six" from his own country...
Reason why five Europeans and one Asiatic will elect the two representatives of the U. S.: the Hoover Administration has negatived repeated proposals at Baden-Baden that the U. S. Governors should be named by the U. S. Federal Reserve Board. In thus eschewing even fiscal "entangling alliances" the U. S. keeps the freest possible hand, appears to have no fear that Europe and Asia will ever elect a Governor unacceptable to Washington...