WAR FRONT: Scot in Wall Street

A Damoclean dagger rather than sword are the $1,420,000,000 worth of U. S. stocks and bonds held by Allied investors. Their value is less than 2% of that of all securities listed on the New York Stock Exchange. But under the imminent and certain threat of World War II, the hair that held this dagger over U. S. securities markets looked scarily tenuous to market men. If French and British investors had sold their holdings in a panicky rush for dollars, the dagger would have dropped on an already queasy market, drawn...

Want the full story?

Subscribe Now


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!