Word: eccleses
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When he first wet-blanketed installment sales last summer (TIME, Aug. 25), FRB Chairman Marriner Eccles warned that there would be "further dampening." Last week Mr. Eccles got out his wet blanket again and dropped it on the U.S. consumer. But, like most of Washington's anti-inflation gestures...
Franklin Roosevelt took counsel with his economic-war aides in the White House last week: Vice President Henry Wallace, head of the Board of Economic Warfare; Treasury Secretary Henry Morgenthau Jr.; Leon Henderson; Federal Reserve Chairman Marriner S. Eccles; Budget Director Harold D. Smith. They went in softly by a...
>Marriner S. Eccles: "Deferred pay may be desirable [but] . . . if you are going to choose between the social security and enforced-savings plan . . . I would prefer the social security."
Marriner Eccles' opulent marble and bronze mausoleum was on the block for a curious reason. The Federal Reserve has often proclaimed its independence from the U.S. Government, but in this case it claimed to be an arm of the Government (hence tax-free). By week's end both...
Last week Mr. Ford listened to his colleague, red-faced Representative Thomas Rolph of San Francisco, lengthily examine Marriner S. Eccles, Chairman of the Board of Governors of the Federal Reserve System, on taxes. Mr. Ford knew that Mr. Rolph, not being a member of the House Ways & Means Committee...