Newspaper article International New York Times

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Newspaper article International New York Times

In Our Pages

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Highlights from the International Herald Tribune archives: A $2.5 billion U.S. loan to Britain is suggested in 1940; members of the Viet Cong set off blasts near an enlisted men's billet in Saigon in 1965.

1940 Urging U.S. Loan to Britain

A proposal that the United States make a $2,500,000,000 loan to the British government and take as security a lien on the British Empire's gold production over the next five years was laid before a closed meeting of bankers, industrialists and economists here last week by Mariner S. Eccles, chairman of the board of governors of the Federal Reserve System. Mr. Eccles, who spoke at a dinner meeting of the National Industrial Conference Board here, suggested a loan to Britain secured by the empire's gold production as a means of sterilizing part of the gold which could be expected to flow into the United States. …

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