Word: eccleses
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Dates: during 1940-1949
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The cherished American custom of buying the good things of life on the installment plan has been greatly restricted by Regulation W, a wartime emergency measure. Buyers have had to plunk down one-third of the purchase price on cars, refrigerators, etc., pay off the rest within 15 months. Last...
This view, that a recession would do more economic good than harm, was shared by Federal Reserve Board Chairman Marriner S. Eccles. He thought "deflation now inevitable." The sooner it came, "the less painful" it would be. But it was Chase National Bank Chairman Winthrop Aldrich who administered the largest...
Different & Diffident. The language of The Industrial Charter was mostly the work of 42-year-old David McAdam Eccles, a smooth-mannered M.P. for Chippenham, an up-comer among "progressive" Conservatives. Like Grossman, Eccles is Oxford-bred. By this week some Laborites were calling him "Colonel Blimp's Dick...
To old-line Conservatives such stuff was dyed deeper than pink. But the Tory progressives had strong men in their camp. Able Richard Austen Butler, as chairman of the pamphlet-writing group, not only pulled together the suggestions of Eccles and others, but sold The Industrial Charter to Winston Churchill...
In high dudgeon, New York Stock Exchange President Emil Schram cried: "I am astonished, to say the least, that the Federal Reserve Bank of New York should associate itself with Marriner Eccles in his perfectly absurd effort to justify [his credit policy]."