Word: eccleses
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Into this deadlocked consultation stepped the Federal Reserve Board's Chairman Marriner S. Eccles, a man with decided opinions of his own. To Eccles, the Administration's program was no more than dabbing at the patient's beak with a soggy handkerchief. It might curb the effects...
The trouble, said Eccles, was simple. There was just too much money in circulation. It had been pumped out by the Government's wartime borrowing (and such easy postwar credit as G.I. loans for houses at inflated prices). Between 1940 and 1946, the hard cash in the nation'...
"Ultimate Solution." Eccles had his own remedies ready. One way to cure the disease, he said, was to reduce the money supply and thereby cut demand. He proposed: voluntary wage ceilings, lower profits (and lower prices), an end to Government support of farm prices (unless price ceilings were restored). To...
Ugliest Aspect. At Eccles, in Lancashire, one Jack Piggott drew six months' imprisonment for smashing a Jewish-owned shop window and leading a crowd of 700, some of whom shouted what few Britons had ever been expected to shout: "Hitler was right." At Holyhead, a laborer was fined for...
And if that failed? After needling Morrison for failure to produce any domestic plan to meet the crisis, young Tory David Eccles buttonholed Morrison in a House of Commons lobby. "Haven't you got any card up your sleeve?" he asked anxiously. Morrison shook his head sadly and replied...