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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...

Author: /time Magazine | Title: THE NATION: August Crisis | 9/1/1947 | See Source »

...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...

Author: /time Magazine | Title: ECONOMICS: Three-Year-Old's Progress | 5/19/1947 | See Source »

...Wilfrid Eady, who succeeded Lord Keynes as traveling ambassador for the British Treasury, and Cameron Cobbold, Deputy Governor of the Bank of England, had got as far as India. They had come to ask how much of a ?1,250,000,000 debt could be written off, and what the terms for the rest would be. On the way home they will stop at Bagdad, where more than ?100,000,000 is due Iraq; then on to Cairo to talk about the ?450,000,000 owing to Egyptians. The two may also visit Palestine, where the debt already tops...

Author: /time Magazine | Title: Foreign News: Whose Mercy? | 2/17/1947 | See Source »

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...

Author: /time Magazine | Title: Foreign News: Whose Mercy? | 2/17/1947 | See Source »

...suggested, without extravagance, that our modern Western Civilization would probably have been derived from an Irish instead of a Roman embryo either if Colman instead of Wilfrid had won the Synod of Whitby in A.D. 664, or again if Abd-ar-Rahman instead of Charles Martel had won the battle of Tours in A.D. 732."-A. J. Toynbee, A Study of History. f Scotland has been Presbyterian since the Scottish barons, inspired by John Knox, bound themselves in covenant (1557) against Catholicism and in support of the Reformation. The church became the "established church" in 1707. Stubborn Scots argue that...

Author: /time Magazine | Title: Religion: A Light at lona | 2/3/1947 | See Source »

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