About the Author

ABOUT THE AUTHOR Elgin Groseclose is well known as a financial analyst and consultant. At one time a specialist in far eastern finance with the United States Department of Commerce, he became the first financial editor of Fortune magazine and subsequently taught at the University of Oklahoma. He returned to Washington as chief financial economist of the Special Telephone Investigation and as economist for the Treasury Department. Since 1944 he has headed his own firm of financial and investment consultants. In 1961 he founded the Institute for Monetary Research, Inc., which he continues to serve as executive secretary. He has also been lecturer on money and banking at the City College of New York and on investment analysis in the Graduate School of the American University in Washington, D.C. Familiar with the effects of currency debasement through service as a relief worker in Iran and the Soviet Caucasus after World War I, Mr. Groseclose is author of five novels dealing with Christian missions. His Ararat, 1939 winner of the American Booksellers' Award and of the Foundation for Literature Award, was republished in 1974 in a major paperback edition.

His works have been translated into Swedish, Norwegian, Italian, Spanish, and Persian. He is also founder of Welfare of the Blind, Inc., a Christian agency for the sightless of the Middle East, which maintains a center for the blind in Teheran. 307