Business: Mr. Jones's Dollar

Into the anteroom of Undersecretary Dean Achesonon the second floor of the Treasury Building in Washington, big-framed Jesse Holman Jones and Henry Morgenthau Jr. strode at 9:30 one morning last week.

"How about gold?'' demanded a dozen newshawks who were waiting for them.

Smiling, Jesse Jones grabbed Mr. Acheson's secretary, pointed to her teeth and wisecracked, "There's some gold for you."

After he and Mr. Morgenthau went in to Mr. Acheson, bored newshawks waited for 20 minutes. At last the door opened, the Jones head appeared, the Jones finger beckoned. In filed the newshawks. Reading...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!