GREAT BRITAIN: Quite Unthinkable

One of those dismal howls which the greatest of British bankers from time to time permit themselves went up after coffee, cognac and black cigars at London's Mansion House last week from fox-bearded Montagu Collett Norman, Governor of the Bank of England. "Look east or west, or wherever one will, and we see gold escaping from Europe across the Atlantic," gloomed the Governor. "How far we are from those settled conditions under which alone we can work!"

This august candor, of course, quickened the war-scared flight of hoarded gold from London to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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