Word: acheson
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...soon it would affect the dollar's commodity value, to wrestle the gold dollar out in the world arena (see p. 51). ¶His preoccupation with his dollars made it fruitless for the President to talk War Debts with Britain's emissary. Sir Frederick Leith-Ross. Undersecretary Acheson and Governor Black of the Federal Reserve Board talked for two hours with Sir Frederick. Result: rumors of a monetary truce between Great Britain and the U. S. whereby dollar and pound would be "loosely" pegged while the U. S. pursued its gold-buying program. As for War debts, observers...
Smiling, Jesse Jones grabbed Mr. Acheson's secretary, pointed to her teeth and wisecracked, "There's some gold...
...time after consultation with the Secretary of the Treasury and the President. Whenever necessary to the end in view, we shall also buy or sell in the world market" (see p. 10). Next day he called in R. F. C.'s Jesse Jones, Undersecretary of the Treasury Acheson and Farm Credit Administration's Henry Morgenthau Jr. to discuss putting this new monetary policy into practice instanter...
Stock Exchange. Meantime the President had under way his own investigation of the New York Stock Exchange-an investigation conducted by a committee consisting of Professor John Dickinson, Assistant Secretary of Commerce, Undersecretary of the Treasury Dean Acheson, Braintruster Adolf Augustus Berle Jr., and Arthur Dean of the law firm of Sullivan & Cromwell. Their purpose: not to drag scandal to public view but to see how the Exchange's merits balance its demerits, to recommend under what form it should be allowed to continue to exist...
Result of the Acheson-Leith-Ross conversations were to be transmitted play-by-play to the President. He was expected to ask no less than a lump payment of 50% of the debt. The British talked of offering 10%. Equally important were to be the discussions as to what kind of dollars and pounds any settlement was to be made in. Both sides were hopeful that the (See col. 3) two great off-gold nations, sitting head-to-head by themselves, might come nearer to an understanding on international currency stabilization than was possible at the many-tongued London Conference...