EXCHANGE: The Dream of Banker Aldrich

Winthrop Williams Aldrich, the 58-year-old president of the Chase National, world's largest bank, last week gave the U.S. his considered opinion on the Bretton Woods currency and world bank plans (TIME, July 31). His opinion: junk the plans, on which experts of 45 nations labored for months, and start all over again.

As a place from which to begin anew, Banker Aldrich suggested a plan of his own, which soared so far above considerations of the practical political and economic possibilities as to make him seem an unworldly visionary.

Banker Aldrich began modestly...