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...jealous Congressman Steagall's prime purpose was to embarrass his old rival Senator Glass with a demonstration of the House's enthusiasm for the bill?whether its members understood it or not. The House made a few concessions to country bankers, self-righteously struck out one of the best features???pensions for Federal Reserve Board members to insure their independence?and left it to the Senate to put the bill in shape...

Author: /time Magazine | Title: Business: Eccles into Glass | 7/15/1935 | See Source »

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