At Basle, Switzerland, where most of the railroads of central Europe crisscross, met last week for their first official session the board of directors of the Bank for International Settlements * or "B. I. S."
Sole Work Done: Salaries were fixed as follows:
President and Board Chairman Gates Wr. McGarrah; $50,000 (as president of New York's Federal Reserve Bank, his last job, he also received $50,000).
Deputy Board Chairman Leon Fraser: $40,000.
General Manager Pierre Quesnay. "The Bright Young Man of the Bank of France": $30,000. (President Gaston Doumergue of France...
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