Word: dalton
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Dates: during 1940-1949
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Many people found it hard to believe that the decision lay with this small, insignificant and, in some respects, inadequate man. Would not the giants of his party, Ernest Bevin, Sir Stafford Cripps, Herbert Morrison, Hugh Dalton, or Aneurin Bevan, fight it out among them and then tell Attlee what to do? They were having their fights, and the outcome would in part determine what Attlee decided. But individually or collectively, they could not tell him what to do. Clement Attlee embodies all the little virtues of little Englishmen. Their power is his power. Moreover, Attlee is not insignificant...
...after Bevin's casual reference to Lend-Lease, Chancellor of the Exchequer Hugh Dalton made a not-so-casual plea for crisis aid from the International Bank (whose staff calls its present quarters, one of London's deepest air-raid shelters, "the second Fort Knox"). Bank President John J. McCloy pointed out that the Bank was designed to make only commercially sound loans, attractive to private investors, and not to grant emergency aid not likely to be repaid...
...School Belt. Tense with anxiety, the British Treasury's gloomy office in Great George Street tried to stop the "run on the bank." Chancellor of the Exchequer Hugh Dalton, whose toothy grin is almost inextractable, predicted that the run would slow down in August. He was wrong again. Prime Minister Attlee called a Cabinet meeting...
...that night, Dalton almost told Britain the worst. Sterling, he said, acquired in "current transactions," would no longer be convertible into dollars. Dalton, however, did not tell the British that in agreeing to this suspension the U.S. had insisted that the $400 million remaining in the U.S. loan to Britain was to be frozen. In other words, the loan that had supported the British for a year was finished. It had not brought Britain the recovery which the American experts confidently, and the British experts reluctantly, had hoped it would...
...anybody's guess whether Eton could keep its course steady in its sixth century as it had in its first five. True, two members of the Labor Cabinet (Chancellor of the Exchequer Hugh Dalton, Food Minister John Strachey) wear the black-&-blue old school tie, and are proud of it. So do six Labor and 57 other M.P.s, such left-wing literati as Cyril Connolly and George Orwell. But many a Briton was finding it hard last week to visualize Eton in a socialist future...