Evening star., 1948-09-28

for party that set the conference
The reception, that drew about
all over the world, was different fl
least two counts. There were cas-
present and undoubtedly SO per cent
of them have no trouble at all figur-
ing out the balance in their bank
books.
Receiving with Mr.. Yun-wu were
Mr.. Camille Quit, managing direc-
tor of the fund; Mr. John j. NC
Cloy, president of the bank, and
Mrs. McCloy. whose agreeable sense
Of humor and friendly charm made
every stranger there feel completely
at home. The latter wore a simply
styled two-piece black silk dress
with full skirt and cluster of lilies
of the valley at the waist.
The biggest names at this confer
ence were continually being sought
out by fellow delegates. In this
group. of course. were the British
governor, Sir Stafford Cripps, Chan
cellor of the EXchequer, who arrived
with Lady Grips; Netherlands gov
ernor and Minister of Finance, Mr..
P. Lieftinck; Frances governor whose
name is surprisingly, NJ. Pierre
Mendes-France, and Belgium's gov
ernor of the Bank and Minister of
Finance, Mr. CASTOR Eyskens, and
governor of the fund and of the
National Bank of Belgium, Mr.. Mau-
rice Frere. The latter two were
accompanied by their wives, Nine.
Eyskens in big black hat and smart
foulard print dress.
Mr.. Thomas McCabe, chairman of
the Board of Governors of the Fed
eral Reserve System, and Mr.. Mar
riner Eccles, former chairman, came
in for share of the attention when
they arrived together. Others in the
American ranks were the United
States governor for the bank and
fund, Secretary of the Treasury
John w. Snyder, with Mrs Snyder;
the Undersecretary and Mrs. Ed
ward H. Foley, jr.; the Assistant
Secretary and Mrs. John Graham,
and former president of the World
Bank, Mr.. Eugene Meyer, and Mrs.
Meyer
Mr.. Eugene r. Black and Mr.. An
drew N. overly, executive directors
of the bank and fund, respectively,
were in constant demand. One
hopeful guest surrounded by all
these flnanciers opportunely asked
the latter what one had to do to-
get loan. You have to be at least
nists." quipped Mr. OVERLY in quick
retort.
Mr.. Black told of a recent visit
to the Indonesian Republic, where
he had dinner with the Prime Min
lister. In the midst of a dinner of
many unusual courses, Mr.. Black
commented upon the silver in
complimentary fashion. Immedi-
ately the Prime Minister'S wife got
up and collected more silver and
placed it before him, then went
into another room and came out
with handfuls of jewelry. precious
stones, rubies, emeralds, pearls, etc,
and placed 1t, too. in front of the
now baffled Mr. Black. Now" she
said, do we get the loan?"
The British Ambassador and Lady
Franks were there. the Ambassador
Of Ecuador and Sonora de Dillon
and the Minister of Luxembourg, NJ
Hughes LIE Calais, fresh from two
months vacation on the continent
Sir Gordon Munro. executive director
of the bank, and Mr.. Ernest Rowe
Dutton, alternate governor of the
Fund of Great Britain, progressed
from one group to another. Other
conferees who are figuring PROM
1nently at this meeting include
Canada's Finance Minister Douglas
C. Abbott. the Federal Minister of
Finance of Austria, Mr.. Georg Zim-
norman, Sr Chintaman Deshmukh
governor of the Reserve Bank of
India: Mr. Michel Hendrix de Kock,
governor of the South African Re-
serve Bank; Mr. Roger Hoppenot of
France, executive director of the
bank. and Mr.. j. W. Beyen of
Netherlands, executive director Of
the Bank and Fund
About so investment bankers from
this area and New York were on
hand for this opening party for the
financial brains of the world. And,
incidentally, there must have been
a considerable increase in these
brains in the past two years. The
directory of conferees is this year a
large sized book compared to the
little pamphlet that came out at
the first meeting in 1916. And. for
whatever it is worth-the demand
for orange juice at the reception
was such that it had to be re-
plenished constantly-that and the