Word: wiggin
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Dates: during 1930-1939
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...insufficient to get Germany's economy straightened out. He also knows that the European man-in-the-street regarded his moratorium as the first step toward cancelling War debts to the U. S. Such a move has the backing of bankers like Chase National's Albert Wiggin because if foreign governments have to repay their War loans to the U. S., banks like the Chase will have to wait a long time to collect their foreign loans. But Senators like WilHam Edgar Borah of Idaho and Joseph Taylor Robinson of Arkansas were quick to catch up the President...
Reserve Bank was there. So were Thomas William Lamont (J. P. Morgan & Co.), Albert Henry Wiggin (Chase National), William C. Potter (Guaranty Trust), Charles Edwin Mitchell (National City), George Whitney (J. P. Morgan & Co.). The rich paintings (Rubens, Rembrandt, Reynolds) on the walls may have held their attention for a moment, but an air of tension and expectancy forbade anything except the business on hand. The bankers waited for one man who was speeding toward them from his camp on the Rapidan. President Hoover, discarding all precedent, entered the apartment shortly after his return to Washington. He soon laid before...
Abroad the reaction was less favorable. In England, .Lombard Streeters referred to the plan as "a damp squib." Sir Walter Layton, Bank of England's representative on the Wiggin Committee, said it was "controlled inflation." In Paris the criticism was sharper, the eventual reaction on the Bourse violent. The third bank failure in Paris in ten days was announced, that of Banque Syndicale...
From Basle, Switzerland, sagacious Banker Wiggin, whom all Wall Street respectfully calls "Al," had issued a report that was very embarrassing to President Hoover. Mr. Wiggin and his European colleagues had decided not only that the Hoover one-year moratorium is insufficient but also that high (i. e. Republican) tariffs in the U. S. should come down...
Somehow or other the little boy who is such a humdinger at marbles must let the other little boys have marbles wherewith to play, thinks Banker Wiggin. On the defensive last week he snapped: "Normal business conditions will not prevail in the United States until there is purchasing power in Europe." He urged immediate U. S. extension of more credit to European nations, as recommended by his committee...