Word: harrimans
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Dates: during 1960-1969
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Most bankers still do not think that that is too much, but the number of critics is growing. Arthur L. Nash, senior loan executive of Manhattan's Brown Brothers Harriman, fears that "the stage may be set for trouble" because of careless lending, and H. Frederick Hagemann Jr., president of Boston's State Street Bank, worries because "banks are more highly loaned than at any time since the '20s." Says Ransom Cook, president of San Francisco's Wells Fargo Bank: "The proper criticism now is that banks aren't conservative enough." If Senator McClellan...
...Mann, 52, special presidential assistant and Assistant Secretary of State for Inter-American Affairs (TIME cover, Jan. 31, 1964), as a man on the rise. Last week Tom Mann rose: President Johnson appointed him Under Secretary of State for Economic Affairs, replacing New York's former Governor Averell Harriman, 73, whose title was Under Secretary for Political Affairs. The titles are interchangeable, and it is up to the President to decide what he wants to call his No. 3 State Department man, behind Secretary Dean Rusk and Deputy Secretary George Ball...
...Harriman now becomes an ambassador at large, an amorphous position that the White House defined as "handling specific high-level assignments in the department and abroad." To take Mann's place at State, but not as a White House assistant, Johnson picked Jack Hood Vaughn, 44, who is currently the U.S. Ambassador to Panama and has spent most of the last 16 years in Latin American jobs...
...only one of at least 15 changes the President is expected to make in the ranks of U.S. ambassadors. The President made it clear that major posts in Paris, London, Moscow and Bonn would not be included. But some upheaval seemed likely in upper State Department echelons too. Averell Harriman, Under Secretary for Political Affairs, will probably be out before long-in fact, he has already been offered an ambassadorial post but has turned it down. And former Michigan Governor G. Mennen ("Soapy") Williams, who is now Assistant Secretary for African Affairs, may well be on his way back...
President Johnson is expected soon to appoint a replacement for Roosa, who resigned to take a partnership in the banking and investment house of Brown Brothers Harriman and write a book on monetary policymaking. Leading candidates for the job: Fred Deming, an able economist and president of the Minneapolis Federal Reserve Bank, who leans toward easy credit. and Charles Coombs, vice president of the New York Federal Reserve Bank, an international monetary expert who helped Roosa line up the $3 billion emergency loan for Britain...