Word: chairmanships
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This judgment, delivered at his desk-pounding best by Texas Democrat Wright Patman two weeks ago, was an expected but more than usually hyperbolic condemnation of William McChesney Martin. At each of his 18 yearly appearances before congressional committees, Martin has been routinely scourged for his chairmanship of the Federal Reserve Board, which Populist Patman blames for tight money and high interest rates. This year Patman has plenty of company. More critics than ever, ranging from academe to the new Administration, are taking aim at the nation's central bank...
Each recipient of an award will receive a grant covering his expenses and an honorarium of $600 "to compensate him for what he might otherwise have earned in a summer job." A four-member faculty selection committee under the chairmanship of John Clive, chairman of the History and Literature Department, will make the awards in mid-April. Three students, all members of the Institute's Student Advisory Committee, will serve as "consultants" to the faculty selection committee...
That was precisely the kind of grousing that Candidate Nixon wanted the nation to hear during the campaign, and he sometimes quoted Moynihan. When it was time for the President-elect to deliver something more effective, he decided to offer Moynihan the chairmanship of the new, Cabinet-level Council on Urban Affairs...
...specific terms. However, the President can change the chairman at any time, and it is Chairman Manuel Cohen who has promoted strong regulation of the securities industry. Nixon so far has not replaced him, but is expected to name Hamer Budge, the commission's ranking Republican, to the chairmanship. Budge has voted with the commission chief on the more controversial issues that have come before the commission...
...Peaches overhaul the ICC? There is little chance of that. For one thing, the ICC is the only federal agency whose chairmanship is not filled by a long-term White House appointee. Moreover, Peaches is no activist, except for her spirited championing of money-losing rail-passenger service on the grounds that "the public convenience cannot be hamstrung by the tyranny of figures." She and the ICC are hamstrung by a frustratingly fuzzy legal charter that authorizes the agency to prescribe rates, regulate routes and oversee mergers, but prevents it from using individual cases as precedents that could establish overall...