Word: wiggins
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Dates: during 1930-1939
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Banking has always been Al Wiggin's trade. The son of a Unitarian minister in Massachusetts, he went to work in the local bank at 17. At 26 he could really call himself a banker: he was made assistant cashier. In 1899 ne went to New York and became vice president of National Park Bank. In 1904 he went to the Chase as a vice president, became its president seven years later...
...panic of 1907 showed his mettle. In those steep days the elder J. P. Morgan discovered two young bankers on whom he could rely: Henry Pomeroy Davison and Albert Henry Wiggin. Morgan's friend, old George Fisher Baker, agreed that they were mighty useful fellows. Davison, as the world knows, was received into the Morgan fold. Wiggin acquired a rarer distinction. True or false, legend in New York calls him the only man who ever refused a Morgan partnership...
...vice presidents, James H. Gannon and Joseph C. Rosensky, traveled to Basle with him. Shepard Morgan, another Chase vice president and an expert on Reparations (he was Seymour Parker Gilbert's assistant during the operation of the Dawes Plan) was in Germany, reporting to Mr. Wiggin separately...
...addition, heavy-set Gates W. Mc-Garrah, president of the Bank for International Settlements, is one of Mr. Wiggin's old friends. Often have they dined, motored, played golf together. Together they present the perfect embodiment of a pair of U. S. bankers as an anti-capitalist cartoonist would draw them. But about their minds, of course, there is nothing cartoonish. Nor are they hereditary exponents of Capitalism, but self-made representatives and leaders of a system in which all their countrymen have a stake...
...Jacobsson. When the Wiggin Committee reached a tentative agreement on freezing foreign credit in Germany last week, it was promptly rejected by the German delegates for various reasons, the most important being that it left out of consideration the reichsmark balances in cash of foreign firms in Germany. This item totals nearly $140,000,000. If these balances were suddenly withdrawn, Germans believe they would be as badly off as ever. This point remained unsettled last week. The Wiggineers went back into their huddle. In the meantime the B. I. S. made an important move. Per Jacobsson, Swedish economist...