FISCAL: Mr. White's White Paper

Taking no chances on being scooped on his own long-term fiscal plans for the world, Henry Morgenthau last week released to 43 United and Associated Nations, seven Congressional committees, and the U.S. press a well-hedged description of his much-bruited World Bank.*Billed as a "tentative proposal . . . [with] neither official status nor the approval of any department of the Government," the blueprint for a United Nations Bank for Reconstruction and Development was sired by the Treasury's economist, Harry D. White. But Henry the Morgue made it plain that he had...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!