Business: Rising Cry for Reform

An increasing number of economists and financial men believe that basic changes in the international monetary system can no longer be avoided. Last week Roy Jenkins, British Chancellor of the Exchequer, called for "an urgent review" of the world's monetary arrangements. In varying degrees, that view was echoed in France, West Germany, Italy and Switzerland. More and more, the experts talk of the urgent need to convene another Bretton Woods-style conference, perhaps in Washington, as soon as possible after the Nixon Administration is sworn in.

For the moment, most Nixon advisers lean toward quiet...