BANKING: Gene Meyer Steps Down

When a man reaches 71 it is time for him to "take a little rest." With this plausible reason Eugene Meyer suddenly resigned last week after six months as president of the World Bank. Said he: "The Bank is now passing from the preliminary work of preparation to the stage of operating activities. . . . Therefore . . . the moment has arrived when a permanent head should be selected."

But Meyer's withdrawal was a complete surprise to the Administration, since Meyer at the start had stated that he would serve his full five-year term. More than that, the...

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