Word: montagues
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...Treasury Woodin was an overnight guest at Hyde Park. He assured newshawks that currency inflation was not even being contemplated at present. Another Presidential visitor was Budget Director Douglas who was instructed to keep regular 1935 government costs below $2,500,000,000. A third caller was Governor Montagu Norman of the Bank of England, escorted by Governor Harrison of the New York Federal Reserve Bank. Last week Britain ceased pegging the pound. ¶To speed up his National Recovery Program President Roosevelt directed R. F. C. Chairman Jesse Jones to plan a temporary extension of Federal credit through...
...prospect of a share in restored prosperity. ... It will be bitterly lost if it is lost through the shortsightedness and practical shortcoming in the attitude of other countries toward the President's experiment." Two days later the Governor of the Bank of England, fox-bearded, deflationist Montagu Collet Norman, served notice on his entire staff that their pay will be cut 10% next March and cut thereafter every March for the next three years. Thus, by implication, Governor Norman set himself more strongly than ever against a policy of British price & wage raising. Indignant clerks in the Bank...
...ignored Australia? By the time newshawks seriously put that question Uncle Henry was already a wheat hero, cackling to everyone his best anecdotes about the days when President Wilson sent him as Wartime Ambassador to Turkey and such yarns as the one about the time he caught Governor Montagu Norman of the Bank of England "with his vest unbuttoned." (Governor Norman, lolling back with unbuttoned vest, refused to loan an additional ?1,000,000 to Mr. Morgenthau's Greek Refugee Settlement Commission until reminded that the Greek Government could withdraw a ?2,000,000 gold deposit from the Bank...
With the pound at this time worth $4.10 (after rising in the past few days from $4.01) Governor Harrison reputedly broached to Governor Montagu Norman of the Bank of England a pegging together of dollar & pound at $4.30. This of course was sheer horse trading, the British having mentioned $3.50 as their figure. During the next few days Governor Harrison sat tight, watched mysterious forces, about which Britons thought he knew a great deal, depress the dollar so violently on the day the Conference opened that the pound was forced...
...Lord of the Admiralty; of a heart attack; in London. A onetime Governor of Queensland and of New South Wales, he was appointed Viceroy while serving as captain of a territorial battalion in a remote corner of India. Faced with widespread native unrest, he, with the late Edwin Samuel Montagu, in 1918 sponsored the plan which brought limited home rule to India, has since been the keystone of British policy there...