Monday, May. 18, 1931
"Unique Expedition"
While representatives of 35 countries talked & talked on a dozen world economic problems in Washington last week (see above), representatives of seven countries sat down in Brussels and did something tangible about one problem. World Sugar. Germany, Poland, Czechoslovakia. Belgium, Hungary, Java, Cuba signed and put into effect the Chadbourne Plan to limit production and export of sugar, restore sugar prices to a profitable basis (TIME, Aug. 18 et seq.).
"We have set in motion a unique expedition into a new field of world economics," said Thomas Lincoln Chadbourne, the big, handsome Manhattan lawyer (onetime policeman, onetime pugilist), who has worked over this plan steadily for the past nine months.
Lawyer Chadbourne will not have charge of the actual operation of the Chadbourne Plan. That task was delegated to an adroit elderly, distinguished gentleman whom some people call "the leading American in London"--Vice President Francis Powell of the English Speaking Union, resigning Chairman of the Anglo-American Oil Co. Lawyer Chadbourne, his job done, sailed for home in response to a cablegram from his two daughters, aged 7 and 9:
DADDY WE WANT YOU TO COME HOME. WE ARE TIRED OF THIS SUGAR BUSINESS.
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