Word: bretton
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...point of saying "I do." But, like other eligible candidates before him, he got nervous when he saw the bride's family. The Bank's twelve full-time executive directors wear the Bank's pants-like twelve mothers-in-law. The president (under the Bretton Woods regulations) does little more than take orders. If he wants to do anything on his own, he must dutifully explain all about it to the directors. Many people thought the president should have more power to go with his responsibilities; nobody quite knew how to arrange it without revising Bretton Woods...
...Takers. But the other Bretton Woods twin, the World Bank, was not growing up to be such a credit to its founders. It was beginning to be regarded as almost a wayward child. There was still no taker for the $30,000-a-year job (tax free) which President Eugene Meyer resigned. And the Bank itself, with an assist from Treasury Secretary John W. Snyder, bungled the announcement of another resignation. As a matter of courtesy, Vice President Harold D. Smith thought he ought to hand in his resignation, let the new president keep him or name a new vice...
...Roosevelt-Hull line would force Republicans to break with their past. On these little publicized subdivisions of policy, the country has less assurance of Republican views than on their UN stand. It must be remembered that Senator Taft, the new Majority leader, opposed U.S. acceptance of the Bretton Woods agreement, and was a strong reservationist when reciprocal treaties came up for ratification. Further, it should be recalled that the same Senator opposed the British loan in principle and has generally taken an individual stand that belies the newly-acquired Republican "religion...
...participation and the Bretton Woods agreement are only the keystones at the top of the new world security structure. The foundations of the peace lie deep in world economics, most fundamentally in the ability of the United States to cooperate with the reconstructing European powers. Tax cuts at home may well imply the withdrawal of U.S. troops from vital occupation zones. Cooperation cannot mean tariff protectionism, rejection of the Hull reciprocity program, and the curtailment of American foreign investment,--apparent objectives of the Republicans in the 79th Congress...
...Employment Bill, he would head one of the Senate's most influential groups. The price of Republican victory in the Senate would also mean the assumption of the Naval Affairs Committee chairmanship by South Dakota's Chan Gurney. Gurney, whose record includes supporting a labor draft, crippling of the Bretton Woods Agreement, and maintaining high tariffs, would replace present chairman Elbert Thomas of Utah, an outstanding progressive...