Word: fraser
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Dates: during 1930-1939
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...Scotch-blooded Gates W. McGarrah, then board chairman of New York's Federal Reserve Bank? On the other hand what U. S. citizen knew the whole European set-up well enough to act as august President McGarrah's adviser? From the first Banker McGarrah took to Lawyer Fraser. He was elected...
...Greatly Enhanced.' President Hoover's moratorium stopped Young Plan payments, apparently for good & all, but oddly enough the Cash Register of the Young Plan continues to function. Between them President McGarrah, Alternate Fraser and their Board have developed profitable B. I. S. sidelines in handling League of Nations loans, and transfers among Europe's central banks. In his 1932 report President McGarrah was able to show a B. I. S. profit for the fiscal year of 15,182,818 Swiss francs ($2,929,524) and proudly declared, "It is a satisfaction to confirm that the usefulness...
...World Conference. Aged 70 and having launched the B. I. S. with conspicuous success, Gates W. Mc-Garrah hinted last January his intention to retire as President next May. Europe buzzed at first with rumors that a British subject would succeed him. Lately reporters changed their tune, asked Alternate Fraser if he knew he was going to be elected President McGarrah's successor...
...That," drawled broad-grinning Mr. Fraser, "is news...
Last week the news became fact. Bankerishly at Basle, members of the Board refused to comment on their unanimous vote. Pikestaff plain, however, looms the fact that President-elect Leon Fraser is slated to play a major role in 1933's great effort at international recovery, the World Economic Conference...