Word: frasers
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...wealth. Moreover, the U.S. ability to meet those needs will be conditioned upon its ability to put its own economic house in order and to persuade its citizens to act internationally, in terms of lowered tariffs, settlement of war debts, etc. Until that has been accomplished, as Banker Leon Fraser put it last fortnight (TIME, Nov. 29), global fiscal institutions "are over-grandiose and oversimple at the same time." They tend to lull the common man into believing that the affairs of the world can be settled before the problems of its component parts have been solved...
Last week they got one, from brisk, burly Leon Fraser, 54, president of the First National Bank of New York, who spoke before the New York Herald Tribune Forum in Manhattan. International Banker Fraser helped negotiate the Young and Dawes plans, and later (1933-35) served as president of the Bank for International Settlements (The World Bank...
World Standard. Banker Fraser's plan was developed "out of the facts of present world finance and trade rather than out of an abstract blueprint." The facts of trade and finance, said Mr. Fraser, are: 1) the U.S. gold-backed dollar is the strongest currency in the world; 2) the British pound is the most widely used...
...shore up the potentially shaky British financial position, Mr. Fraser would: 1) grant a $5,000,000,000 gold credit to Britain, 2) formally cancel World War I war debts, 3) establish a five-year moratorium on Lend-Lease repayments...
...Navy typically refused to name the U.S. carrier. Its crew and air men had to be content with the rare international honor accorded them by the Home Fleet's Vice Admiral Sir Bruce Fraser. As the carrier passed through the lines of the Home Fleet into a British harbor, British flags broke out a cheer to the ship...