Word: elliott
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Dates: during 1930-1939
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...committee had spent months blackguarding the du Fonts, Britain's late George V, a handful of Latin American dignitaries, Woodrow Wilson and the House of Morgan. But not until last week did the press smoke out of its files a two-year-old secret about Elliott Roosevelt's scheme to sell airplanes to Russia. Even then, Chairman Nye, one of the Senate's smartest hands at investigation publicity, loudly deplored the disclosure as "an attempt to smear the President" and as "not designed for any honest and constructive purpose." Nevertheless, the same public that had watched this...
...Elliott Roosevelt, aided by a business associate named Grenville W. Stratton, made an agreement with Anthony Fokker to sell military planes disguised as commercial types to U. S. S. R. Young Roosevelt was to form a company which was to receive a $25,000 retaining fee from Fokker. Son Elliott personally was handed four $1,000 and two $500 bills as a down payment and gave a receipt for them. The 50 planes which it hoped to sell Russia were to be priced to yield $20,000 profit apiece, half of which was to go to Elliott or his firm...
That the politics in this bit of Rooseveltian history were not wholly on the Republican side became evident later in the week when none other than Press-agent Charles Michelson of the Democratic National Committee released extracts from the purported contract to confirm Son Elliott's version of its terms...
Meantime Publisher Tichenor's Tale No. 2 was hardly touched by the press which presumably regarded it as too risky to print. This tale related that at the same time the other venture was going on, just prior to and after the cancelation of the airmail contracts, Elliott Roosevelt and Anthony Fokker had a scheme afoot, supposedly encouraged by the President, to form a great U. S. air transport combine, in which Elliott was to have received 5% of the stock for his efforts; that Herbert Reed went to Manhattan to discuss it with Basil O'Connor...
Like the scheme to sell planes to Russia, Herbert Reed's project to gobble up, with the aid of Elliott Roosevelt, the air transport business of the U. S. just when it had been laid low by a White House order, eventually came to nothing...