Foreign News: From the Old Lady

Undetected, like a shadow in the dead of night. Governor Montagu Norman of the Bank of England made his way to the U. S. Why had he come? What was he doing? Governor Norman was silent. Wall Street magnates blew smoke rings from their fat cigars and looked wise.

Many rumors went on circuit. Sterling—ten cents off par—was to be brought to parity; new methods of paying the British War debt were to be formed; a modification of the debt agreement was sought; the Governor was on a secret mission for the British Government.

Then up spoke Governor Benjamin Strong of the New...

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