Word: coughlinism
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With longer and better discussions of gold-standard economics separating his flambuoyant portraits of Wall Street personalities, Father Coughlin has again rolled a sonorous hour's speech along the national networks. Again the bankers, professors, senators, braintrusters, labor leaders, and even cardinals can read it with detached approval or dissent, not a little bored by the purely popular reactions to the scientific, unemotional experiments of the administration...
...English Biochemist, on reasoning from the study of plant and animal habits, finds that the three great classes of human parasites are Bankers, Brokers, and Bishops. From reasoning, no less definite, but far more convincing, the Radio Priest arrives at the same conclusion (except for the Bishops). If Father Coughlin makes "House of Morgan" and "gold-" into adjectives more colorful than exact, the ideas could not be decently expressed for popular consumption with other words. A five-foot shelf of Economic Quarterlies cannot prove as he does, that there are forty thousand millionaires too many in this country; nor will...
...Father Coughlin and his demagogic speeches are the stuff that revolutions are made of. Men will revolt, to use his unique phrase, to "drive the money-changers from the temple," or to abolish the power of gold, without worrying about the essential need of middlemen, or of a currency system. If his economic premises are inaccurate, he can reply he is not interested in teaching economics; but desires "to weave together the facts." It is a method which the Roman Church has never been afraid to use, in the fact of its own logicians. But his ideas...
Later in the week, with the storm still beating around his ears. Monsignor Belford had a change of heart, telegraphed Father Coughlin: "Regret uncharitable interview. Will broadcast apology today. Extremely sorry." Monsignor Belford on the radio: "I desire to broadcast a very humble and sincere apology to all whom I offended. ... It was uncharitable and I deeply regret it. I am not explaining, extenuating or excusing. . . . No Christian, and certainly no clergyman, should express such uncharitable views...
...Sunday broadcast Father Coughlin stuck by his Smith story, denounced the "Morgan interests," excoriated the "Tory Press," declared the U. S. must choose between "Roosevelt or Ruin." Speaking later of Monsignor Belford's apology he boasted: "John Raskob will be next and Al Smith after...