Word: mccloy
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Dates: during 1950-1959
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From the start the bank had trouble, and its organization lagged until onetime RFC Banker and Washington Post Publisher Eugene Meyer moved in as the first president, set up a staff. Next, in 1947, came John Jay McCloy, onetime Assistant Secretary of War, who boldly started funneling out bank funds for the pressing reconstruction of Europe, a total of $500 million in four big grants, $250 million of it to France alone. Compared to the need, the loans were pitifully small, though they helped keep things going until the great flow of Marshall Plan aid started pouring from...
...John Jay McCloy, banker, former U.S. High Commissioner for Germany LL.D...
...escape from the compelling fact that if it is not framed with reference to the world, it is framed with perfect ability." This view-point has not been confined to the Atlantic Seaboard and Mr. Stinson, or to such headline names as Paul Hoffman, Henry Ford, and John J. McCloy...
Formerly from Baltimore, he had served a term as assistant attorney general of Maryland. His career has included service as legal chief for High Commissioner John J. McCloy...
Died. Frederick G. Zinsser, 87, organizer, president (1897-1925) and chairman of the board (1925-52) of Zinsser & Co., chemical manufacturing firm; in Hastings on Hudson, N.Y. Among his noted relatives : his daughters, Ellen, wife of former U.S. High Commissioner for Germany John J. McCloy, and Peggy, wife of former U.S. Ambassador to the Court of St. James's Lewis Douglas; his brother, the late Bacteriologist-Author Hans (Rats, Lice and History) Zinsser...