Foreign News: Tycoons' A B C

No really rich and potent tycoon likes the idea of sitting on a "sub-committee," and so last week the three sub-committees of the second Dawes Committee—now sitting in Paris to revise the Dawes Plan (TIME, Feb. 18, et seq.)—were rechristened "Informal Groups."

When the odious "subcommittee" ghost had been pretty well laid, it was revealed that for almost a week previously John Pierpont Morgan had been sitting in on an informal group chairmanned by Baron Revelstoke, the softspoken, intensely aristocratic tycoon who heads the great British banking firm of Baring Brothers & Co., Ltd....

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