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Dr. Melchior Appointed Vice-president of Bank for International Settlements

Dr. Hans Luther, president of the Reichsbank, has agreed to the expressed wish of President Mac-Garrah of the Bank for International Settlements, that Dr. Carl Melchior, internationally-known economist and a partner of the Hamburg banker, Max Warburg, a brother of Felix M. Warburg, be appointed vice-president of the Bank for International Settlements.

Dr. Melchior, who recently declined the position of president of the Reichsbank, has just been named one of the two German representatives on the directorate of the Bank for International Settlement. In every post-war international conference, Dr. Melchior has represented Germany at the conference table. He participated in the negotiations at Versailles in 1919 and was a prominent figure in the deliberations of the recent Reparations Conference. In order to accept the post on the Bank of International Settlements, Dr. Melchior is planning to resign from the Finance Commission of the League of Nations.

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