Dramatically last week the Governor of the Bank of Belgium, courageous old Louis Franck, announced that he for one was through with the International Bankers Conference at Baden-Baden (TIME, Sept. 23, et seq.). With dignity and ire M. Franck marched from the conference room, accompanied by Second Belgian Delegate Paul Van Zeeland. Both bristling Belgians cut dead, as they departed, the Governor of the German Reichsbank, famed Dr. Hjalmar Schacht.
For almost two months the conference has been working beaverishly to draft the charter and statutes of the Bank for International Settlements....
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