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Records of President John J. McCloy

Return to Fonds level - Records of the Office of the President

1.1 

Reference code(s) 

WB IBRD/IDA 03 EXC-01
1.2  

Title

Records of President John J. McCloy
1.3   

Date(s) 

1947 - 1949
1.4   

Level

Sub-fonds
1.5

Extent and medium

0.20 linear feet (3 folders)

2.2 Administrative history  See WB IBRD/IDA A0002, Office of the President

2.3  Archival history        The bulk of the records of the President’s office from the period of  John J. McCloy’s service as President of the World Bank are with the McCloy papers in the Archives of Amherst College.   Only a few files from his presidency remain at the World Bank. 

2.4 Source    Transferred from the Office of the President

3.1 Scope and content  This series contains fragments of John J. McCloy's correspondence with political leaders and prominent businessmen during his time as President of the World Bank (March 1947 -  May 1949).  The most substantial bodies of correspondence are with Emilio G. Collado, U.S. Executive Director of the World Bank, 1946-1947; Russell C. Leffingwell, Chairman of the Executive Committee of J.P. Morgan and Co. Inc.; and Bernard H. Baruch.

The correspondence with Emilio Collado consists of letters and memoranda to McCloy regarding World Bank activities. It includes excerpts from memoranda Collado prepared for U.S. Secretary of State Dean Acheson and a  "Note Relating to a Debt Limit" of May 1947.  McCloy's correspondence with Russell C. Leffingwell includes exchanges of substantive comments on the Bank and its operations, such as the prospects for European recovery under the Marshall Plan, lending philosophy, money stabilization, and sterling devaluation.  Letters to and from Bernard H. Baruch concern the Export Import Bank loan to England, a letter sent by Baruch to John Snyder on how to stimulate production in the world, and a copy of McCloy's memo to U.S. Treasury Secretary John Snyder on lending.
 
Also of interest to the researcher are McCloy's answers to questions from U.S. House of Representatives member Howard Buffet and U.S. Senator Leverett Saltonstall and a letter from Secretary of the Treasury John Snyder forwarding a memo by Harry Truman concerning U.S. Ambassador to Chile Claude Bowers' complaint about Wall Street control over the operations of the Bank (August 1947). 

3.3 Accruals    Accruals are not expected. 

3.4 Arrangement    Arranged in 3 folders: Correspondence (Baruch, Bernard M.; Buffett, Howard; Churchill, Winston; Leffingwell, Russell C.; Saltonstall, Leverett; SKF Industries (William L. Batt); U.K. government (Oliver Franks, Richard Stafford Cripps); U.S. government/White House (John R. Steelman, Drew Dudley) ; Emilio G. Collado correspondence; and Harry S. Truman’s letter (original).

4.1 Conditions of access  Records are subject to the World Bank Policy on Disclosure of Information.

4.2 Conditions of reproduction  Records are subject to the Copyright Policy of the World Bank Group.

4.3 Language/scripts   English

4.5 Finding aids           A folder-level list for this sub-fonds is available in electronic form.

Digitized copies of each of the folders may be downloaded via the links below:

5.3 Related units of description  WB IBRD/IDA 04, Records of General Vice Presidents and Managing Directors, Garner, has a few pieces of correspondence with McCloy; WB IBRD/IDA 23, Records of Office of External Relations, has records of speeches and public appearances of President McCloy; WB IBRD/IDA 54, Joint Bank/Fund Library collection on Presidents of the World Bank, has a file on McCloy; WB IBRD/IDA 51, Reference collection on World Bank history, has duplicate copies of McCloy papers from Amherst; WB IBRD/IDA 60, Personal papers of Davidson Sommers, has a transcript of an oral interview with McCloy; the John J. McCloy Papers are in the Archives, Amherst College, Amherst, Massachusetts.

7.2 Rules or conventions    Internal World Bank Group Archives rules
7.3 Date(s) of descriptions  2003-04-20


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