FOREIGN TRADE: Two Billion a Year

When he is asked to describe his Government career, 55-year-old Assistant ECAdministrator Wayne Chatfield Taylor gives a rueful one-word reply: "Bruises." A New Deal stalwart for 17 years, ex-Investment Banker Taylor picked up many a bump as Assistant AAAdministrator, Assistant Secretary of the Treasury, Under Secretary of Commerce (he directed the famous wartime eviction of Sewell Avery from Montgomery Ward), and president of the Export-Import Bank.

Last week Wayne Taylor handed out a few bruises on his own account, in a 227-page report of a joint EGA-Department of Commerce mission. After...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!