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...technical that no one except a banking expert could hope to understand it in detail. Nevertheless, its objective was crystal clear-unchallenged Federal control of the nation's currency and credit. It did not establish a central bank such as money-fanatics like Senator Elmer Thomas and Father Coughlin have been yammering for. But if the bill is enacted in anything like its present form, the U. S. banking system will be completely dominated by whatever President is in power. Said old Professor Irving Fisher, no hard-shelled Tory: "It comes nearer to making the President an economic dictator...

Author: /time Magazine | Title: Business: Credit by Government | 2/18/1935 | See Source »

...Father Coughlin: "Our thanks are due to Almighty God. . . ." Publisher Hearst preened himself on a legislative victory and a great journalistic stunt by taking a full page in Hearst-papers to print the names and faces of all 36 Senators who voted down the Court...

Author: /time Magazine | Title: THE CONGRESS: Up Senate, Down Court | 2/11/1935 | See Source »

Replied Senator Robinson: "I doubt whether either my speech or the speeches of the Senator from Louisiana have had very much influence or effect on public opinion in the United States. I have in mind an address made by Father Coughlin...

Author: /time Magazine | Title: THE CONGRESS: Up Senate, Down Court | 2/11/1935 | See Source »

...wondering," broke in Minnesota's Schall. "if the address by Mrs. Roosevelt did not offset that of Father Coughlin...

Author: /time Magazine | Title: THE CONGRESS: Up Senate, Down Court | 2/11/1935 | See Source »

...galleries cheered. Jubilant Hearstlings tumbled over each other in their rush to telephone San Simeon. No less than 15 Senators telephoned congratulations to Detroit. Local telegraph offices announced that since Father Coughlin's first speech two days before they had handled over 60,000 telegrams beyond their ordinary quota...

Author: /time Magazine | Title: THE CONGRESS: Up Senate, Down Court | 2/11/1935 | See Source »

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