Word: moneymen
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Dates: during 1960-1969
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Last week more than 200 of the world's top moneymen from three continents gathered in the former hotel for the bank's 37th annual meeting. They came not so much for the brief formal session (at which President Jelle Zijl-stra of The Netherlands Bank was elected B.I.S. president to succeed his retiring fellow countryman, Marius Holtrop) as for the two preceding days of frank talk behind closed doors about monetary problems. "You save two weeks of travel in Europe by coming here," explained Federal Reserve Chairman William McChesney Martin, who led the U.S. contingent...
...bank's annual report, largely written by U.S. Economist Milton Gilbert, not only commands enormous respect among moneymen but often talks like a Dutch uncle to errant governments. Last week, for example, it skewered the U.S. and West Germany for forcing central banks to do the dirty work in restraining inflationary 1966 economies. Rapping Washington for "the indecisive way" in which it dealt last year with the question of raising taxes, the report said: "There is nothing wrong with the 'new economics.' The trouble was the failure to act promptly and effectively...
With a sigh of relief, moneymen from Wall Street to Main Street heard last week that President Johnson had appointed William McChesney Martin, 60, to his fifth four-year term as chairman of the Federal Reserve Board. "This bank is delighted," said a Chase Manhattan senior vice president. So was First National City, whose president, George S. Moore, said of Martin: "This is a time when his experience is needed." No less enthusiastic were foreign bankers, who also see Martin as a staunch defender of the sound dollar that is so necessary to their economic wellbeing...
...years raised uncounted millions to help such candidates as Harold E. Stassen, Joseph McCarthy, Robert A. Taft, and Barry Goldwater, and counted as one of his toughest jobs finding financial support last year for Oregon's Mark Hatfield, whose dovelike stand on Viet Nam soured many powerful G.O.P. moneymen; of a heart attack; in Miami...
...Tiber and the Thames. In 1966, every other movie made with American money was made abroad, and many of them (A Man for All Seasons, Blow-Up, Taming of the Shrew) were made by European directors and actors. Moreover, moviemaking at last fell out of the pockets of the moneymen in the front offices and into the hands of directors, writers and actors who suddenly found themselves with more freedom than they had ever known in the dear dead days that were happily beyond recall...