Word: vinson
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...feeling, the operating mechanism for the World Bank & Fund was set up last week at Savannah. Basic causes of the trouble were the old differences between Britain and the U.S. on how Bretton Woods should be implemented. But there was a new irritant. U.S. Treasury Secretary Fred Vinson looked like a weary ewe, but ran the nine-day conference with ram-like authority. He got exactly what he wanted-and the British be damned...
...Held a Cabinet meeting and talked twice with Treasury Secretary Fred M. Vinson about U.S. policies at the international monetary conference (see INTERNATIONAL...
...Fred Vinson told the world last week exactly how the U.S. Treasury Department stands on foreign loans. In his Kentucky accent (which makes "barrers" out of "borrowers") the Secretary of the Treasury reviewed a program which will make the U.S. a creditor nation to the tune of $7 billion-but no more...
...already spoken for by the British, which Congress may or may not approve and which is "a special case," not to be considered "a precedent for a loan to any other country." Other countries will apply to the Export-Import Bank, which, if Congress accepts Vinson's program, will have some $3 billion to dish...
...billion will not go very far in a hungry, bankrupt world. The Vinson ceiling meant that the Administration had modified its theory-possibly to get it past a doubtful Congress...