Word: cattos
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Died. Thomas Sivewright Catto, Lord Catto of Cairncatto, 80, who as governor (1944-49) of the Bank of England presided over its transition from a private to a nationalized institution, for years worked in such close collaboration with famed Economist Lord Keynes that the two were dubbed Lords Catto and Doggo; in Holmbury Saint Mary, England...
...Commons were three distinguished predecessors: Winston Churchill, Sir John Anderson, Viscount Simon. Ex-cabbies and miners among the new Labor Members, many of them sitting on the floor of the overcrowded House, critically eyed their man. From the packed gallery peered the Bank of England's Governor Lord Catto. To lords and cabbies, Hugh Dalton was about to open the new Socialist Government's first budget...
Usually rated diligent but dull, Hugh Dalton blushed when the House cheered him last week. Tories were relieved. Bankers beamed. Even Lord Catto, certain that his bank would soon be taken over by the new Government, was not shocked. Britain's new budget was a good, middle-of-the-road job. Next day, prices rose on London's stockmarket...
...nationalization of "The Old Lady of Threadneedle Street" was not painless, it was at least a well-anaesthetized operation. Said Bank Governor Lord Thomas Sivewright Catto, after reading the bill: "I have confidence in the skill and understanding of the surgeon [Chancellor of the Exchequer Hugh Dalton]. . . . He is well aware of the venerable age and the worldwide prestige of his patient...
Assault by Dogma. Last week, day after the Laski speech, Bank of England stock, which rates as a trustee security, fell ?9½, down to ?357½. Governor Thomas Sivewright Catto and his fellow bankers sat tight. Nationalization would mean that the bank's ?14,533,000 capital stock, held by some 35,000 Englishmen, would be bought by the British Treasury...