Word: fraziers
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...only Republican firm to have made any political profit during the last three years of the New Deal Congress has been the North Dakota concern of Frazier & Lemke. Senior member is big, bald Lynn J. Frazier of Hoople, who sits in the Senate. Junior partner is freckle-faced William Lemke of Fargo, who does business for the firm in the House. Representative Lemke, despite his wrinkled clothes and his frequent need of a shave, has a good command of English, a well-schooled mind, an amiable disposition, a law degree from Yale, a conscientious ability far above the Congressional average...
Last week as he appeared on the floor of the House, William Lemke was at one of the high points of his career. Up for final action was the third of the famed bills to bear the familiar trademark of Frazier-Lemke...
...Frazier-Lemke Bill, passed by Congress in 1934, permitted bankrupt farmers to operate their farms for six years after foreclosure and buy them back from the mortgagees "at a fair and reasonable value." A second Frazier-Lemke Bill, passed last year after the first had been declared unconstitutional by the Supreme Court, permitted farmers to retain their farms for three years after foreclosure, paying the mortgagees "a reasonable rent." But Frazier-Lemke Bill No. 3 the Democratic leaders of the House were determined should never get out of the legislative factory. Only by petition of 218 members and the rebellious...
...know quite well that when inflation of the kind and character embodied in the Frazier-Lemke Act is adopted, commodity prices rise but wages stand still. We cannot subscribe to this sort of eco-nomic philosophy. Labor would suffer reduction in living standards, reduced buying power, and the problem of unemployment would become more acute...
...believe," cried this Texan, "the membership of this House is entitled to know where Mr. Green and his committee gets authority to express themselves as representing the A. F. of L. against the Frazier-Lemke bill...