Word: sivewright
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Died. Thomas Sivewright Catto, Lord Catto of Cairncatto, 80, who as governor (1944-49) of the Bank of England presided over its transition from a private to a nationalized institution, for years worked in such close collaboration with famed Economist Lord Keynes that the two were dubbed Lords Catto and Doggo; in Holmbury Saint Mary, England...
...nationalization of "The Old Lady of Threadneedle Street" was not painless, it was at least a well-anaesthetized operation. Said Bank Governor Lord Thomas Sivewright Catto, after reading the bill: "I have confidence in the skill and understanding of the surgeon [Chancellor of the Exchequer Hugh Dalton]. . . . He is well aware of the venerable age and the worldwide prestige of his patient...
Assault by Dogma. Last week, day after the Laski speech, Bank of England stock, which rates as a trustee security, fell ?9½, down to ?357½. Governor Thomas Sivewright Catto and his fellow bankers sat tight. Nationalization would mean that the bank's ?14,533,000 capital stock, held by some 35,000 Englishmen, would be bought by the British Treasury...
Into his place stepped a hardheaded Scotsman, 65-year-old Thomas Sivewright Catto, First Baron Catto of Cairncatto,* a British businessman of worldwide experience, who during the last three years has been joint advisor, with John Maynard Keynes, now First Baron Keynes of Tilton, to his Majesty's Treasury in Whitehall...
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