Word: eccleses
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Born amid suspicion, confusion and recrimination, the Banking Bill seemed headed for heavy weather. Although Governor Eccles had promised to confer with Senator Glass on new legislation, the Banking Bill was inadvertently cleared by the White House before the testy little Virginian saw a copy. Moreover, the Eccles Bill proposed...
No one knows better than Senator Glass that fireworks are not conducive to the drafting of sound and significant legislation. The House, prodded by Chairman Steagall of the Banking & Currency Committee, passed the Eccles measure with a whoop last May. Apparently jealous Congressman Steagall's prime purpose was to embarrass...
Actually the work was left not to the Senate nor even to the Senate Banking & Currency Committee but to a subcommittee headed by Carter Glass. Having dutifully listened to both friends & foes of the Eccles Bill, the Senator corralled his colleagues for a series of secret sessions, even working them...
The White House was kept informed on the bill's progress but President Roosevelt was much too busy to heed Governor Eccles' plaintive pleas for moral support. All Mr. Eccles knew was that something drastic was happening to his bill. Indeed, the subcommittee was so secretive that banker-baiting newspapers...
Last week, its work done, the Glass committee emerged from its solitude with a bill which was promptly approved with few changes by the full Senate Banking & Currency Committee. Not a line of the House version had been retained except the first phrase: "This act may be cited as the...