Word: byrds
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...Economic Committee has waged a long feud with the Federal Reserve, announced that he would hold an investigation this week "to find out who is in charge in this country, the Reserve Board or the President of the United States." Louisiana's Russell Long, who will succeed Harry Byrd as chairman of the Senate Finance Committee when Congress reconvenes next month, showed his innocence of economics by protesting: "Nothing could be more unpopular than a major increase in interest rates on the eve of Christmas, when the average man will be borrowing money to provide gifts...
...been in the U.S. Senate for 17 years, and seems assured of remaining there as long as he wants the job. As Democratic whip, he is Mike Mansfield's heir apparent to the Senate's majority leadership. In addition, with the resignation of Virginia Democrat Harry Byrd (TIME, Nov. 19), Long, the ranking Democrat on Byrd's powerful Senate Finance Committee, will automatically become committee chairman when Congress reconvenes in January. Seldom in Senate history has one man held two such pivotal posts, and there were hints last week that fellow Senators will try to relieve...
...Hereditary Position?" It may have been the Byrd dynasty's swan song. As Republican Moderate A. Linwood Holton showed by racking up 38% of the vote in this month's gubernatorial election, Virginia is no longer an unchallenged Democratic fiefdom. "Little Harry," in some ways more rigidly conservative than his father, helped master mind the state's "massive resistance" campaign to school desegregation in 1959, is hardly likely to win the increas ingly influential votes of Virginia's Ne groes. If an attractive moderate opposes him in the Senate primary next July, Little Harry, a state...
...fact, for all his prestige, Old Harry Byrd's influence was greatly exaggerated. For despite his uncompromising fiscal orthodoxy, Byrd ran his committee according to his own courtly code. He refused to block the liberal bills he abhorred, and eschewed the quid pro quo tactics by which more ambitious politicians achieve their ends. Yet Byrd, as one Administration aide puts it, "was like a yellow blinker. You had to slow down when...
Boost for Long. Over the past two years, as the Virginian has become increasingly infirm, Louisiana's Russell Long has taken on much of the load of the Finance Committee while shepherding several Great Society bills through the Senate. As Byrd's successor, Long-who inherited Hubert Humphrey's job as Senate majority whip-will hold one of the Senate's most powerful positions. Though personally volatile and politically unpredictable, Long, 47, has a record of populist liberalism that will undoubtedly be more in harmony with the legislative goals of the Johnson Administration than was Byrd...