286 At a cabinet meeting: Stresemann diary entry, June 22, 1927, in Stresemann, Diaries, Letters and Papers, 2.
287 made him “smile”: Bank of England, letter from Norman to Strong, November 23, 1925.
287 “seem to be afraid of him”: Letter from Strong to Pierre Jay, September 15, 1926, quoted in Chandler, Benjamin Strong, 348.
287 “imperialist dreams”: Moreau, The Golden Franc, 220.
288 “capricious,” “menace the gold standard”: Norman cables to Strong, May 24 and 25, 1927, quoted in Clarke, Central Bank Cooperation, 117, n. 25.
289 “he could not do so”: Moreau, The Golden Franc, 295.
289 “I do not want to trample”: Moreau, The Golden Franc, 298.
15: UN PETIT COUP DE WHISKY
292 She had just landed a part: “Actress a Suicide by Poison in Hotel,” New York Times, December 10, 1926, and “Illness Drives 2 Women to Suicide in Hotels,” Washington Post, December 10, 1926.
294 In 1926, while Strong was in France: Wueschner, Charting Twentieth-Century Monetary Policy, 125.
294 “thoroughly enjoy getting into a fight”: Interview with Leslie Rounds, Committee on the History of the Federal Reserve System, Washington: Brookings Institution, 1954-55.
294 the constant sniping: Wueschner, Charting Twentieth-Century Monetary Policy, 123.
295 Over the years, each of the central banks: John, Brooks. “Annals of Finance: In Defense of Sterling,” New Yorker, May 23, 1968, 44.
297 “closeted together”: Sayers, The Bank of England, 339.
297 Norman dominated the proceedings: Interview with Mrs. Ogden Mills, Committee on the History of the Federal Reserve System, Washington: Brookings Institution, 1954-55.
298 “un petit coup de whisky”: Banque de France, Charles Rist memorandum “Conversation du 1 au 7 Juillet, 1927 a New York et Washington;” Charles, Rist. “Notice Biographique,” Review D’Économie Politique. Nov-Dec 1955, 1006; and Sayers, The Bank of England, 340.
298 “courtesy calls”: Entry for July 7, 1927: Hamlin diary, Volume 14, Library of Congress.
299 “inflation of credit”: Hoover, Memoirs, 11.
299 “That man has offered me unsolicited advice”: Schlesinger Jr., The Crisis of the Old Order, 88.
299 Fobbing Hoover off: Hoover, Memoirs, 11.
300 “the greatest and boldest operation”: Robbins, The Great Depression, 53.
300 “takes great interest”: “Manuscript Notes by the Governor on Benjamin Strong and on Europe, 3-9 July 1927,” reproduced as Appendix 17 in Sayers, The Bank of England, 2: 96-100.
301 “I had an important conversation”: Moreau, The Golden Franc, 430-31.
302 “intrigues to prevent France,” “ask Norman to choose”: Moreau, The Golden Franc, 443, 445. “to establish some sort of dictatorship”: Letter from Strong to Walter Stewart, quoted in Clay, Lord Norman, 265.
303 “speculation on the stock market”: Chicago Tribune, July 14, 1928.
303 “most vehement language”: “Memorandum on Bank of England—Bank of France Relations,” May 24, 1928, quoted in Chandler, Benjamin Strong, 417-18.
304 At one point, several frustrated senior directors: Letter from Siepmann to Steward, July 8, 1928, cited in Boyce, British Capitalism, 23, n. 69.
304 “One moment he would be sunny”: Boyle, Montagu Norman, 235.
304 “How hard and how cruel”: Chandler, Benjamin Strong, 472.
304 “I am desolate and lonesome”: Boyle, Montagu Norman, 238.