INTERNATIONAL: Nothing Resounding

(See front cover)

For hours at a time a lot of important international bankers locked themselves in a room in Basle last week. Eventually they would emerge, saying nothing, and repeat the process on the following day. They were:

Dr. Karl Melchior, of the Warburg banking firm (Germany).

Alfredo Beneduce. President of the Consortium on Public Works Credit (Italy).

Emile Francqui, Vice-Governor of Societe Generate de Belgique.

Dr. R. G. Brindschedlar of the Credit Suisse (Switzerland).

T. Tanaka, London representative of the Bank of Japan.

0. Rydbeck of the Svenska Bank-foreningen (Sweden)....

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!