Word: administrationâ
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...result of an earlier treatise on price control, Galbraith found himself Assistant Administrator of the Office of Price Administration???and price control czar of the entire country, with a staff that swiftly swelled from ten people to 16,000. It was a thankless, nearly impossible job, complicated by the guidelines laid down in his own treatise, which proved in practice to be "inapplicable in every detail." He quickly dumped it. In 1943, having irritated just about everyone by his zealous performance, he was dumped himself. A year on FORTUNE followed?he credits Henry Luce with teaching him to write?...
...administrator of CWA and WPA, he worked in the glare of white-hot publicity, took the jabs and gave back in kind. Of late, he has labored as secretly and anonymously as it is possible to do in Washington. Journalists began labeling him the "mystery man" of the Administration???a tag taken up and expanded by Hopkins' enemies...
...Senator Glass had one swift surprise for the Administration???permission for commercial banks to resume underwriting of securities. Divorce of deposit banking and securities selling was almost the first New Deal financial reform. The Glass provision would not allow banks to return to the retailing of securities through affiliates but it would allow them the profits of underwriting and wholesaling. Consequently shares of big Manhattan and Chicago banks soared on the news last week. One of the biggest beneficiaries would be J. P. Morgan & Co., which under the Banking Act of 1955 chose to surrender its commanding position in security...
...than 30 speakers were on the program, but of the 30 odd, there were only three politicians whom the business men chose to address them. One of them was Herbert Hoover, who is, not excepting the more generally recognized Secretary of the Treasury, the chief economic policymaker of the Administration???the former mining engineer, brilliant in his business, but with no talent for the handshaking and good fellowship which go to make the ordinary run of politicians. He spoke on "Currents in Business." Another speaker was Representative Ogden L. Mills, one of the financial experts in the House, a leader...
...capacity of an Administration???or at least of three great departments of it?to discharge the high duties imposed upon it?yea, more, the peril of permitting a party to select men for such places. This Teapot Dome is a crucible in which a great political organization shall be tested, and it is found to be dross. That is the reason the elephant trembles from trunk to tail...