Word: accordant
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...with nationalist ments -- is familiar indeed: egacy of Jefferson, of Hoover, aft. . . and a bit of McCarthy. The generally thinks of their as "conservative," yet in a the Young Americans For dom are radicals. For they ad, in effect, a fundamental re-ruction of present institutions, ing them into accord with cer- philosophical notions. Manhat- Center was not a wholly inapriate place for them to meet...
...Government. Though the policy was fine for wartime, in peace it made the Fed, as one chairman, Marriner Eccles, complained, "an engine of inflation." Finally in 1951 the Fed rebelled, refusing to support the price of Treasury bonds. In the ensuing Fed-Treasury "accord," the Fed reasserted its independence, got out of the long-term markets...
Presidential Pressure? One of the architects of the Fed's 1951 accord was Martin, and that same year he took over as chairman, with the task of making "bills preferably" stick. Since the Eisenhower Administration viewed the Fed as the primary means of reining inflation, he had little trouble. But early in the campaign Kennedy made plain that he thought the Fed had swung from its earlier valet role too far toward an independent, negative role in monetary control. He wanted more Fed-Treasury cooperation, especially as he viewed the Fed as only one means of controlling credit...
...feeling is inescapable that Article VIII of the General Rules should be more often invoked: "Exceptions to these rules may be allowed in individual cases in which the circumstances are unusual and the Committee on Eligibility is of the opinion that the exception will be in accord with the spirit of the Presidents' Agreement...
...With it now clearly established that our country does not accord prior rights to Anglo-Saxon Protestants, you can expect to find Catholics turning up in all sorts of places where, formerly, nursing real or partially imagined resentments, they never quite felt at home: on all the citizens' committees that heretofore they frequently seemed to shun-committees to clear slums, organize municipal orchestras, build new wings on public libraries, raise money for the Red Cross, and all the rest. We shall be surprised if, from now on, Catholics don't take a more active and constructive interest...