Word: staffords
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...chamber where the De Rothschilds once practiced their financial wizardry.* Delegates from 19 OEEC areas had come to La Muette to work out a new Intra-European Payments plan. After hours of futile argument, Belgium's Paul-Henri Spaak suggested that the meeting adjourn. Britain's Sir Stafford Cripps cut him short with a crisp insistence. "Gentlemen, I have to go back to England tomorrow," he said, "but my plane does not leave until 6 in the morning. I am at your disposal until then...
More Austerity? Sir Stafford's system of planned austerity and bilateral deals, under attack at La Muette, had met still graver difficulties in London. A near-panic on London's exchange had sent government bonds plummeting to new lows for the year; in a single week the value of gilt-edged consols (government bonds) dropped by close to ?250 million. Said the London Economist: "The truth is that the crisis which the British did not expect until 1952-and hoped to be prepared for by then-is already upon them...
Unstable. He will get no comfort from Britain's Sir Stafford Cripps, who has repeatedly said that he will not devalue. Cripps stands on the flat statement; he will not argue. One of his associates explained last week: "It's the unmentionable subject-like a lady's reputation." One man who recently talked devaluation with Cripps adds: "He would resign rather than devalue-and he is not in a resigning mood...
Last week Robert Frost was on his farm near Ripton, Vt., where this spring, with his partner, Stafford Dragon, he manufactured 60 gallons of fine maple sirup. He had also, in the course of the school year, visited and lectured at 20 colleges; but his Homer Noble farm (named for a former owner) is where he spends the longest stretch of the year. He passes his time there, reading history and biography, sometimes working around the rugged mountain farm. When he gets to the Homer Noble farm the arrival is, in a geographical way, something like the one he wrote...
...skirmishes was fought last week when eight leading representatives of OEEC (Organization for European Economic Cooperation) met in Paris. The engagement was screened by a fog of long technical words and its result was inconclusive. When the meeting ended, however, the advantage lay with Britain's Sir Stafford Cripps. He had skillfully checked a drive by ECA and some continental nations to reduce currency exchange barriers between European nations...