Word: wiggin
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Dates: during 1930-1939
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...Melchior of Hamburg, partner of the German Warburgs, handed out a voluminous memorandum to show that no matter what happens after the Hoover Moratorium, Germany can never again pay Reparations under the stiff schedules laid down by the Young Plan. He had figures to show that the Albert Henry Wiggin Report of last August underestimated Germany's foreign debts by nearly a billion dollars. He admitted that Germany had at the present moment a favorable trade balance of about $83,000,000 a month, but it could not last. German exports are bound to fall because of competition from Great...
...Atlantic bound for Basle and then Berlin* was Board Chairman Albert Henry Wiggin of Manhattan's Chase National Bank, hurrying to defend the interests of U. S. holders of German short-term credits against the demand of France that Reparations be given priority (TIME, Dec. 7). To Berlin just ahead of Banker Wiggin hurried Politician Hitler. Flinging himself into a big armchair at the Kaiserhof Hotel on the afternoon that Wall Street had its Hitler scare, he surprisingly declared: "Germany cannot pay both her political [Reparations] and her commercial [short-term credit] debts. For my part I reject...
Never was the favor of U. S. bankers sought more openly. Mr. Wiggin's approach seemed to have been the signal for Herr Hitler, long a bogeyman to bankers, suddenly to transform himself into the Bankers' Friend. As for his repudiation of Reparations, many U. S. bankers have become so concerned about the safety of their short-term credits that "the sanctity of Reparations" begins to sound like an old French song sung...
...examine German capacity to pay Reparations and repay her short-term credits began this week at Basle with Alfredo Beneduce, its Italian member, presiding. Special problems arising from German short-term credits are to be studied simultaneously in Berlin by a "Bankers' Committee" on which Banker Wiggin looms biggest...
...Wiggin to Berlin- Officials of the Bank for International Settlements announced that the Young Plan committee asked by Germany will meet in their offices at Basle, Switzerland, Dec. 7. Lest this Committee give Reparations priority over short-term credits, the interests of Germany's short-term creditors will be protected by a special bankers' committee announced last week to meet Dec. 10 in Berlin. Potently on this committee will sit Board Chairman Albert Henry Wiggin of Manhattan's Chase National Bank...