366 “We have been putting out credit”: Federal Reserve Board, Minutes of the Open Market Policy Committee, September 25, 1930: quoted in Chandler, American Monetary Policy, 137.
366 “marathon dance”: Federal Reserve Board of Governors, letter from Talley, Governor of Dallas Fed to J. Herbert Case, Chairman of New York Federal Reserve Bank, March 13, 1930.
366 “back to life”: Harrison Papers, Letter from Talley to Harrison, July 15, 1930, quoted in Friedman and Schwartz, A Monetary History, 372.
367 In September 1930, Roy Young: Pusey, Eugene Meyer, 203.
368 “an ordinary tin-pot bucket shop operator,” “Judas Iscariot”: “Meyer, Eugene” in Current Biography, 1941, 575-78.
368 In January 1930, policy decisions: Chandler, American Monetary Policy, 133.
369 “panicky selling left London’s city”: “London Disturbed by Continued Fall,” New York Times, October 30, 1929.
369 “we in Great Britain”: Keynes, “A British View of the Wall Street Slump,” New York Evening Post, October 25, 1929, in Collected Writings, 20: 2-3.
369 like the bursting of an “abscess”: Sauvy, Histoire Economique, 115.
370 To a visiting Swiss banker: Somary, The Raven of Zurich, 157.
370 Convinced that it had been the rise: Sayers, The Bank of England, 229, n. 3.
370 During the last week of October: Bank of England, Notes on telephone calls between Harrison and Norman, October 25, October 31, and November 15, 1929.
372 Keynes: “Arising from”: HMSO. Report of Committee on Finance and Industry (Cmd. 3897), Minutes of Evidence, 1931, 27-31.
372 “Reasons, Mr. Chairman”: Boyle, Montagu Norman, 327.
373 “an artist, sitting with his cloak”: Woolf, Diary, 208.
373 “grows more and more temperamental”: Papers of Sir Charles Addis, May 7, 1930, quoted in Kynaston, The City of London, Illusions of Gold, 202.
18: MAGNETO TROUBLE
374 “To what extremes”: Virgil, The Aeneid, Book iii, l. 79-81.
374 “the shadow of one of the greatest”: Keynes, “The Great Slump of 1930,” Nation and Athenaeum, December 20 and 27, 1930, in Collected Writing: Essays in Persuasion, 9: 126-34.
376-77 “the war . . . fear of Germany”: Adamthwaite, Grandeur and Misery, 132.
377 “harmonious economic structure”: L’Echo de Paris, December 7, 1930, cited in Mouré, Managing the Franc Poincaré, p. 27.
377 “glittering new embodiment”: Brendon, The Dark Valley, 132.
378 “the French gold hoarding policy”: Einzig, Behind the Scenes, vii.
378 “the Banque de France”: Howe, World Diary, 65.
379 In fact, it was clear that during 1930: Mouré, Managing the Franc Poincaré, 143. and Johnson. Gold, France and The Great Depression, pp. 152-57.
379 Bullion was so heavy: “Gold: 150 Tons,” Time, December 26, 1932.
379 “This depression is the stupidest”: “D’Abernon on Gold,” Time, January 5, 1931.
380 “lean on England”: General Réquin to General Weygand, February 2, 1931, quoted in Adamthwaite, Grandeur and Misery, 138.
381 “sumptuous trimmings: “Tightwad Up and Out,” Time, January 14, 1935.
381 He was succeeded by his deputy: “Tightwad Up and Out,” Time, January 14, 1935.