Institution had evoked little response in high Ad- needed, but it should be done by private bankers and Assistance should be freely granted, when Participate in the management of the International required. Reserve Bank be designated to of the central banks of Europe may at times be
It is quite true that financial assistance in aidĬent suggestions from abroad that an official of a Newspaper accounts stated that re- tion of the whole world. Have any American official participate in the collec- enough to do in attending to their own affairs, withtion of German reparations through the bank or any out undertaking the regulation of the banking situaother agency. Opments to change the Government's position as Federal Reserve Banks and their own experience inĪnnounced by him on May 16, and again declared trying to cope with the home credit situation is conthat the American Government did not desire to clusive evidence that the Reserve Banks have quite Stimson said there had been no recent devel- this world-bank. Pation on the part of the Federal Reserve Banks. Way become involved or entangled in the affairs of Statement made by him on May 16, banning partici- that our Federal Reserve Banks should not in any It incumbent to repeat the What should be most carefully guarded against is After their departure, Sec- establish a super-bank is expressly disclaim Mellon their plan for broadest way and will partake of all the characteīank for Inter- ictics of a super-bank, even though any intention to Stimson and Secretary for International Settlements is to function in the On President Hoover and unfolded to him and To article on a subsequent page and show that the Bank Tions payments, made their expected visit this week We deal with the subject anew in a separate Perts which at the recent Paris conference arranged mittee's report shows, too, that this is not an exagthe settlement of the question of German repara- gerated view. The real achievement of the Committee of Experts,įar surpassing in its ultimate reach and conseAmerican members of the Committee of Ex- quences everything else. Regards this Bank for International Settlements as Jacob Seibert Business Manager, William Office of Co. New Yorkīanking matters in their broadest and most comprepublished every Saturday morning by WILLIAM B. Not merely of banking matters growing out of andĭirectly relating to the reparations payments, butįront, Pine and Depeyster Streets. LONDON Orrice-Edwards & Smith, i Drapers' Gardens. Gray,Ģ08 South La Salle Street, Telephone State 0813.Įstablishment of a world's bank for the handling or at least be subordinated to what is now considper agate lineĬHICAGO 0i/swim-In charge of Fred.Themselves, these reparations payments should nowīe relegated to a position of relative unimportanceĤ5 cents That issue was of course the reparations payments Rations payments that while the vital matter of Tion Record the subscription price la $6.00 per year for all Possessions and territories.- 13 50Īnd Quotad with this whole question of German repaThe following publications are also issued. Within Continental United States except Alaska
Its will, that acquiescence in the plan would be the Not be allowed to gain the impression that the Administration had become convinced, perhaps against His heart, and it was desirable that the public should
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