ECONOMICS: Salesmen Wanted

Washington has no more solemn chamber than the Governors' Room of the Federal Reserve Building, nor any graver problem than the proposed loan to Britain.

Every working afternoon at 3 o'clock Lord Halifax strides, in his stooping glide, into the Governors' Room, puts a battered, black suitcase on the conference table, and spills out documents giving the secret, depressing details of Britain's economic position. Halifax is chairman of the British delegation, but Lord Keynes does nearly all the talking. Halifax, chin in hand, listens with an air of attentive patience, occasionally lifts...

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