Word: mcchesney
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Dates: during 1960-1969
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...spending-and by how much? The President did not answer those questions either in his White House presentation or in a speech that he gave the previous day to a meeting of the National Industrial Conference Board; he left the hard details to his subalterns. Federal Reserve Chairman William McChesney Martin took the bankers into a separate meeting, where they were advised that their foreign loans, which last year jumped 25% to $10 billion, should rise no more than 5% this year. Meanwhile, the corporate chiefs went to a session with Commerce Secretary John Connor, were told that each company...
This week 65 top bankers and some 300 business executives will go to Washington at the President's invitation. Federal Reserve Chairman William McChesney Martin will put pressure on the bankers to cut back their foreign lending, which rose by more than $2 billion last year, to a $500 million increase this year. Commerce Secretary Connor will ask hundreds of key companies to set goals for cutting their foreign spending, then will review their budgets every three months. Ironically, Connor is well suited for the job: when he was president of Merck & Co., he vastly expanded its drug empire...
High officials of the Federal Reserve Board believe that De Gaulle, aided by Spain's Franco, is trying to form a new European axis designed to embarrass and weaken the U.S. by attacking the dollar. To buttress the dollar, Federal Reserve Chairman William McChesney Martin Jr. has been strongly urging President Johnson to move swiftly and dramatically to wipe out the deficit in the balance of payments. "Some way or other, something has to be done," Martin said recently. "It is important that we face up to the fact that we have become a chronic deficiteer-and that leaves...
...drop at nearby Paulis. According to survivors, the Simbas raced around screeching "Kill, kill, kill them all!" The Belgians were shot, clubbed to death or tied up and hurled alive into the Wamba River. But that was killing with kindness compared to the fate of American Protestant Missionary William McChesney, 28. They performed a mad war dance on his prostrate body until internal bleeding from ruptured organs ended his agony. Then the Simbas plucked out his eyes and threw his corpse into the river...
...economies that are oceans apart. By helping to rescue the faltering British pound (see THE WORLD), the U.S.'s money managers demonstrated how tightly bound together are the fates of the Western world's two major currencies. "It was an orderly operation all the way," said William McChesney Martin Jr., chairman of the Federal Reserve, "and showed that the bankers' international contacts are pretty good." Despite that typical banker's understatement, the operations had many of the elements of secrecy, mystery and intrigue that would do justice to James Bond-or to Goldfinger, his gold-hungry...