Word: eccleses
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¶He appointed Marriner Stoddard Eccles Governor of the Federal Reserve Board (see p. 59). Governor Eccles will run the Federal Reserve as the White House wants it run.
That New Dealer was Marriner Stoddard Eccles, 44, Utah banker who since last January has served Secretary of the Treasury Morgenthau as a special assistant. Grandson of a covered-wagon pioneer, son of a rich & pious Mormon, Governor Eccles graduated from Brigham Young College at 19, promptly went to Scotland...
Governor Eccles is a thoroughgoing New Dealer who will do what President Roosevelt wants him to do. Yet when he was putting his ideas into the Congressional record nearly two years ago, he declared: "Such measures as I have proposed may frighten those who possess wealth. How ever, they should...
Sugar men have long known that Claude K. Boettcher has been acquiring stock in Great Western's most important rival, American Beet Sugar Co., second biggest unit in the industry. In 1929 American Beet had acquired control of Mormon-managed Amalgamated Sugar Co. Last week American announced that Claude...
Messrs. Morgenthau, Eccles et al. looked on the U S. investment appetite, found it whetted rather than satisfied since the first serving. They offered $400,000,000 on 22-month notes at 2½% interest-the same rate as offered in January on 13½ month notes. Their offering was...