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...offer to work for his church had been accepted by its Presiding Bishop, the Most Rev. Henry Knox Sherrill. Lee explained: "There is certain work a layman...

Author: /time Magazine | Title: ARMED FORCES: Lee's Departure | 9/22/1947 | See Source »

...referred to "this awful economic crisis," Bevin had a sudden thought. Said he to the Legion's former National Commander Paul Griffith: "I know, Commander, that you will forgive me for suggesting the other day at Southport that you should take the gold out of Fort Knox. It does not seem to have been a very popular speech in America." While the diners laughed, Bevin continued: "Well, I do not mind whether it is Lend-Lease or that [gold], but all I say is this, that you can't get settlement in the world unless you get these...

Author: /time Magazine | Title: ECONOMICS: The Gold Queue | 9/22/1947 | See Source »

...wisp of an imperial closed shop. Bevin took another poke at the rich old bogey of the U.S. "I know these Americans will be upset," he said, "but I've got to upset somebody. My own conviction is that she handicapped herself ... by failure to redistribute the Fort Knox gold ... to assist in increasing the purchasing power of the devastated areas of the world...

Author: /time Magazine | Title: Foreign News: I've Got to Upset Somebody | 9/15/1947 | See Source »

Economists on both sides of the Atlantic promptly reminded Bevin that U.S. wealth lay in its high productivity, not in its gold hoard at Fort Knox. Bevin knew that a higher standard of living for Britain ultimately depended on increasing Britain's own productive capacity, not on "purchasing power...

Author: /time Magazine | Title: Foreign News: I've Got to Upset Somebody | 9/15/1947 | See Source »

...third week in a row, stocks on the New York exchange drifted lower. The day after Britain's Ernest Bevin suggested that the U.S. redistribute its gold (see FOREIGN NEWS), a sudden flurry of selling brought forth the waggish explanation: "The British are within 50 miles of Fort Knox...

Author: /time Magazine | Title: Facts & Figures, Sep. 15, 1947 | 9/15/1947 | See Source »

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