Word: mccloy
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Dates: during 1950-1959
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...Black, a new kind of international commission was being formed, to concentrate on devising coordinated aid programs for one key area -India and Pakistan, where nearly 500 million people live. The commissioners would be top-drawer private bankers-for the U.S., perhaps Chase Manhattan Bank's John J. McCloy or Detroit Bank & Trust Co.'s Joseph M. Dodge; for Britain, Sir Oliver Franks; for West Germany, Chancellor Adenauer's influential banker friend, Hermann Abs. Perhaps Jean Monnet would be added from France, and Escott Reid from Canada. In time, Japan might also be asked to chip...
Into the No. 2 job in the nation's No. 1, public business stepped an alumnus of the solidly schooled fraternity of bankers and lawyers that produced such topflight governmental figures as Dulles, McCloy and Dillon, Forrestal and Lovett. To succeed the late Donald Quarles as Deputy Secretary of Defense, President Eisenhower last week named Navy Secretary Thomas Sovereign Gates Jr., 53, longtime Philadelphia investment banker (see box). In a rare (at least this year) burst of nonpartisan confidence, the Senate Armed Services Committee waived its usual lengthy questioning, unanimously approved him. Gates, said Democratic Chairman Richard Russell...
...committee includes: Houston Lawyer Dillon Anderson, onetime presidential assistant for national-security affairs; Detroit Banker Joseph M. Dodge, onetime Budget Director; American Red Cross President Alfred M. Gruenther, onetime Supreme Allied Commander in Europe; Washington Lawyer Marx Leva, onetime Assistant Secretary of Defense; New York Banker John J. McCloy, onetime High Commissioner in Germany; Dallas Businessman George C. McGhee, onetime Assistant Secretary of State; General Joseph T. McNarney (ret.), onetime Commander of U.S. forces in Europe; Admiral Arthur W. Radford (ret.), onetime Joint Chiefs of Staff chairman; Oklahoma Oilman James E. Webb, onetime Under Secretary of State, onetime Budget Director...
Judges were Rev. Frank D. McCloy, Jr. A.M. '42, associate professor and former dean of Western Theological Seminary in Pittsburgh, Paul C. Reardon '32, Chief Justice of the Massachusetts Superior Court, and Matthew P. Gaffney, Roy Edward Larsen Professor of Education...
...John Jay McCloy, 63, chairman of the board of the Chase Manhattan Bank. Philadelphia-born, Amherst-and Harvard-educated. Lawyer McCloy left a thriving New York practice in 1941 to become Assistant Secretary of War, served until war's end, later became president of the World Bank, resigned to take over from General Lucius Clay as U.S. High Commissioner for Germany in 1949. In Germany he won the esteem of SHAPE'S Commander Dwight Eisenhower, has remained one of Ike's close friends...