Word: coxes
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Dates: during 1930-1939
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...Economic Conference. As Conference President, snowy-crested Scot MacDonald had taken the table's head. Around him were grouped the chairmen, rapporteurs and vice chairmen of the two chief Conference groups, the Monetary Committee and the Economic Committee. Last to arrive was U. S. Delegate James M. Cox who battled so fiercely when the Conference first met to be elected Monetary Chairman. As he strolled in several minutes late Mr. Cox heard high words, realized that the other Conference officials were flaying President Roosevelt...
...which they feared might wreck the Conference then and there. It must be sold adroitly to French Finance Minister Georges Bonnet or he might walk out of the Conference. Mild Mr. Hull, feeling perhaps not equal to the job, chose as his Delegation's super salesmen James Middleton Cox and sleek, persuasive Manhattan banker-expert James P. Warburg. Salesmen Cox & Warburg took the Frenchman into an inner committee room, M. Bonnet protesting that since President Roosevelt was known to oppose dollar stabilization "the alternative is an orgy of inflation and the Conference might as well adjourn!" The door...
According to leaks from the parley, Salesman Cox said to Prospect Bonnet: ''I can show you that your fears are groundless. Here, my good friend, let me put all my cards on the table and explain. You do not understand America's position or what she is trying to do. The United States is having its first taste of prosperity in three years. That cannot be jeopardized...
Seemingly Mr. Cox, in assurances which were not revealed, gave M. Bonnet further to understand that, for the duration of the Conference at least, President Roosevelt proposes to keep U. S. prices up and business activity mounting by threatened rather than actual inflation. Finally M. Bonnet agreed to postponement of monetary stabilization while the Conference tackled other matters. Perspiring Mr. Cox swung open the committee room door, broke the good news to Scot MacDonald who broke off his nervous pacing, shook hands all around...
...Little Setback." To digest the U. S. fiscal and tariff policies stated by Messrs. Cox and Hull several Continental delegates, notably M. Bonnet, flew home to their capitals. Meanwhile the dollar lost some four cents more of its value, dropped to the equivalent of 77? gold. Rumors that this decline might jar loose the stabilized franc, plus London comment that the U. S. tariff proposals offered little more than pious hopes, plunged Conference journalists into such gloom that Prime Minister MacDonald decided to go among them radiating Scotch cheer...