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More specific was Senator Smith Wildman Brookhart of Iowa, who was born in a log cabin remote from the money-changers. Why, argued Senator Brookhart, quibble about such a detail as prohibiting merely Federal Reserve Banks from making speculative loans to Federal Reserve Bank members? Let us prohibit any loan by any bank to any borrower who might put the loan to speculative purposes. Radical also was the remedy offered by Utah's Senator William H. King, who has ascertained that 85% of speculation is made on margins, and who believes therefore that marginal trading should be abolished. Senator...

Author: /time Magazine | Title: Business & Finance: Federal Reserve v. Speculation | 2/25/1929 | See Source »

...leading anti-Wall-Streeter in the House is Henry T. Rainey, a tall, white-haired old Illinois farmer who has been in every Congress but the 67th since the 58th. In the Senate are Heflin, Norris, Brookhart, Shipstead and many another hinterlander whose eyes are vigilantly cocked for city-bred iniquities...

Author: /time Magazine | Title: Business & Finance: Federal Reserve v. Speculation | 2/25/1929 | See Source »

...Senator Brookhart cited his own War record, denounced war, professed he is a pacifist and concluded...

Author: /time Magazine | Title: National Affairs: Old Ships and New | 2/11/1929 | See Source »

...vote also revealed ? which was no great secret ? that the squad of anti-power-trust Republicans is eleven: Elaine, Borah, Brookhart, Couzens, Frazier, Johnson, MacMaster, Norbeck, Norris, Nye, Pine. From one of these it was thought that Paul Mallon had secured his scoop. Such a one as the boyish Nye who is regular at election time and irregular in between would be glad to have the country know that he, in contradistinction to the majority, is nobly bottling "the interests." But any of the Progressives might have done it and Pressman Mallon is specially good-friends with Progressives...

Author: /time Magazine | Title: Nation: The Secret Case of Mr. West | 2/4/1929 | See Source »

Moses, Good, Work, Smoot, Brookhart, Fess, Simmons, Johnson, Longworth, Wilbur, Jardine, Whiting, Sargent, both Cabinet Davises, Mr. Chief Justice Taft, Senator-suspect Vare, the Rockefellers, 'Legger Remus...

Author: /time Magazine | Title: REPUBLICANS: Finale | 11/12/1928 | See Source »

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