Word: farleyized
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Dates: during 1930-1939
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When James Aloysius Farley, who had done well selling building materials, took over the Post Office Department last year he announced in his quiet way that he was going to show the nation how its "largest single business" should be run. Last July the Postmaster General radioed to President Roosevelt aboard the Houston a triumphant vindication of his boast: "I have the honor to inform you that pre-audited figures for the fiscal year ended June 30, 1934, show, after making the usual adjustments authorized by law for certain subventions and free mailing services, that our postal receipts exceeded expenditures...
...days before, the Treasury had reported an estimated Post Office deficit of $52,000,000. Newspapers which had blazoned "General" Farley's surplus announcement in front page headlines were soon pointing out the discrepancy in their editorial columns, explaining how the surplus had been arrived at by a bookkeeping trick. No one paid much attention...
...Farley, it now appeared, was ready to be called "the greatest Postmaster General since Benjamin Franklin." But last week Ashmun N. Brown, alert Washington correspondent for the Providence Journal, dug out of the Treasury report the old fact of the Post Office's $52,000,000 deficit. Explanation of the Farley surplus, he showed, lay in the vague and inconspicuous phrase about "adjustments" for "certain subventions and free mailing services." That covered Post Office expenditures of $64,000,000?the cost of ocean and air mail subsidies, the estimated cost of carrying free government mail. To create his surplus...
Prime obstacle to Floyd Bennett's capture of the airline business is the fact that Newark is the official metropolitan airmail terminus. The threat to move the mail elsewhere caused New Jersey's Governor Moore last week to wire Postmaster General Farley: "It would be rather a shabby trick to play upon Newark after it had spent such vast sums [$5,000,000] to facilitate the Federal mail service...
Returning lettermen include Captain Richard W. Emory '35, Howland BN. Stedard '36, Donald V. McGranhan '35, Edward T. Farley '36, and Robert D. Read...