Monday, Mar. 02, 1931

Power

To meet the bachelor President of France (Gaston Doumergue has no "official hostess") at the U. S. Embassy in Paris last week. Ambassador and Mrs. Walter Evans Edge assembled not the impotent dukes and counts of the beau monde but aristocrats of another sort, people whose names stand in France for economic power. Up from Lyons came M. Edmond Gillet, calm, wise, secretive "silk King of France.'' In bustled short and forceful M. Andre Homberg, bald but bewhiskered* president/- of the French Line, of the Societe General (one of the largest French banks), high executive of the famed Compagnie Internationale des Wagon-lits. Came too the man who is reorganizing the French sugar industry, M. Edmond Sommier of the refineries that bear his name. Also M. Eugene Schneider whose big and little guns are so esteemed. Down sat all to fork and sip with such equals as Manhattan's Gates W. McGarrah, now president of Europe's B. I. S. (Bank for International Settlements) and Mr. John Ridgely Carter, a partner of J. P. Morgan & Co.'s Paris house.

*His chief continental rival, North German Lloyd's Herr Direktor Karl Stimming, is also very short, very forceful, but is bald and has the tiniest possible mustache. /-Equivalent to board chairman.

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