Word: morgenthau
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Dates: during 1930-1939
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...second step toward a better world of gold, U. S. Secretary of the Treasury Henry Morgenthau Jr. this week announced that the U. S., Britain and France had reached a temporary agreement for the exchange of that metal in the course of trade. Though Secretary Morgenthau called this pact, secretly negotiated by transatlantic telephone, a "new type of gold standard," it was really nothing more than a technical extension of the U. S.-Franco-British agreement of last month to use their respective stabilization funds to steady the dollar, the pound and the franc (TIME...
...scoff at his ideas showed strong inclination to regard him as an expert pilot in the difficult monetary channel France must now navigate. Deputy Reynaud dismissed as of minimum importance the stabilization agreement Finance Minister Vincent Auriol had verbally obtained from U. S. Secretary of the Treasury Henry Morgenthau Jr. and British Chancellor of the Exchequer Neville Chamberlain (TIME, Oct. 5). It was scarcely worth the breath in which it w.as spoken, M. Reynaud indicated, but it was also harmless since neither Washington nor London for the moment is financially at odds with Paris...
...Berlin the Nazi press jubilantly blamed "the Jews" for what had happened, pointing with specific accusation to M. Blum and Mr. Morgenthau as undoubted Jews and rehearsing at length the names of other Jews in official Washington and Paris. "The world cannot be cured with a restabilization of currencies alone!" barked German Reichsbank President Dr. Hjalmar Schacht...
...president for the coming year is Tom K. Smith of St. Louis' Boatmen's National Bank. Banker Smith is unlikely to depart from Mr. Fleming's policy of friendship with a Democratic Administration. A Democrat himself, he served for a while under Secretary Morgenthau as a Treasury adviser. White-haired, ruddy well-brushed President Smith wears his Phi Beta Kappa key on his watch chain, said last week: "I am convinced that there is no problem in banking confronting us today which research, education and co-operation cannot solve. They are the bulwarks upon which I base...
There is much that is obscure and troublesome in the new tri-partite agreement between France, Britain, and the United Stats. It was, for example, confusing and irrelevent for Secretary of the Treasury Morgenthau to drag the Russian herring across the trail and speak of a "raid" upon the pound when the Soviet Bank was merely carrying on a pre-arranged commercial transaction of minor proportions. And neither is it especially clarifying to approach the agreement from the political side, to glory in the "offensive" upon dictatorships by democratic countries...