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Sick Norman. One person not available for the conferences of the Wiggin Committee last week was grey-bearded Montagu Collet Norman, Governor of the Bank of England. Since Britain's crisis his star has been in the descent in London. There was talk of forcing his resignation fortnight ago. Last week he quietly slipped on board the Duchess of York and sailed for Canada. "I feel I want a rest," said he, "because I have had a very hard time lately." Loyal subordinates at the Bank amplified this with a bulletin:
"The Governor of the Bank of England has been indisposed as a result of the exceptional strain to which he has been subjected in recent months. ... He is assured a period of complete quiet and entire freedom from work which should be sufficient to enable him to resume his full normal duties at the bank."
*Wall Streeters gave two reasons last week why Hanker Wiggin and not a Morgan Partner was sent to represent the U. S. at the Basle conference, 1) The Chase, world's biggest bank, is also the biggest U. S. holder of German bonds, with an estimated investment of $120,000,000 in Germany. 2) Ever since the War, the House of Morgan has been France's banker in the U. S. French banks have enormous deposits with Morgan, could make things very awkward for a Morgan Partner who opposed their wishes.