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...

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