Wiggin for President

Albert Henry Wiggin, board chairman of Chase National Bank, passed silently through Paris last week on his way to Basle, refusing all interviews. The Chase is not only "biggest bank in the world," but it probably has the largest share of all U. S. investments in Germany, the greatest desire to restore German prosperity. French editors therefore regarded Banker Wiggin's coming (as U. S. member of the Bank for International Settlements' committee to study Germany's credit needs) somewhat sourly. Wrote the Journal des Debats: "This time the attempt which is being made is to hand France's savings over to Germany so as to save English and American capital which has been risked in big German industries. Germany has discovered that the best means of pressure is to have large debts. She has found that this procedure makes her dear to those who do not wish to lose their money."

In Basle Mr. Wiggin went into conference with B. I. S. President Gates W. McGarrah, emerged and was immediately elected President of the Committee. France had an able champion to tilt against him. Her delegate was canny Emile Moreau, onetime Governor of the Bank of France.

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