Word: wilfrid
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Dates: during 1940-1949
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...Washington conference was generaled by U.S. Treasury Secretary John Wesley Snyder, a rather unimaginative banker, and by Sir Wilfrid Eady, whose thin face, horn-rimmed spectacles and realistic command of facts make him the embodiment of the British civil servant. The details of the talk between them and their experts the world did not hear. But it heard much of the $3,75° million loan to Britain, and of "discrimination" and of "convertibility" (see INTERNATIONAL) . The conferees could bring about no full solution of the crisis; that was for the U.S. Congress and for Parliament, if a solution could...
...Wilfrid Eady, bone-tired after a year and a half of financial negotiations with Canada, Argentina, India and Egypt, had been dispatched to Washington, along with other financial experts. Cameron Fromanteel Cobbold, Deputy Governor of the Bank of England, was vacationing in the south of France. Set in rapid motion by the crisis, he "dipped down" in Britain for a quick check with Whitehall and the Bank of England's headquarters in Thread-needle Street, arrived in the U.S. unshaven and with his old school tie (Eton's black with narrow light blue stripes) holding up his pants...
...Washington, weary Sir Wilfrid Eady sighed: "It is no fun for us, and for a few weeks it will be no fun for this country." This was typical British understatement. For a few years, at least, world economics was going to be no fun whatever for anybody...
...interest, plus 1% commission (on the outstanding part) which the Bank collects to build up a special reserve. The negotiations, which took only six weeks, were conducted for the Bank by smiling, solid John J. McCloy, its president, and for France by Ambassador Henri Bonnet and Wilfrid Baumgartner, President of Credit National-France...
Sweating out" the American loan had been bad enough for Britain. Now Sir Wilfrid and Cobbold, on behalf of the nation that only yesterday was the world's banker, had to ask financial peoples whom many Britons still regard as of the "subject races" to show Britain financial mercy...