The World Bank and the Stabilization Fund, twin babes of Bretton Woods, last week pulled on their long pants.
In barren quarters in a Washington office building on H Street that had no rugs, no safe and only borrowed furniture, the executive directors of the bank held their first meeting. Diplomatically, the U.S. informed them that it has not yet selected the Bank's president. What this meant was that President Truman has not yet got a yes from his latest candidate for the job, Navy Secretary James V. Forrestal.
Jimmy Forrestal, whose 22 years in Wall Street, including three as president...
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