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...below-zero Sunday 40-odd years ago, a Lutheran minister made his way across frozen snowdrifts in a horse and buggy to keep his preaching schedule at five different churches in and around Hawley, Minn. In the winter and spring of 1958, the minister's son, Presidential Assistant Gabriel Hauge, showed the same old-fashioned fortitude in the face of icy winds of another kind. With the U.S. economy slipping downward, panicky cries for drastic federal intervention rang out in Washington and across the U.S. But calm, articulate Gabriel Hauge, sometime economics teacher at Princeton and Harvard, economics assistant...

Author: /time Magazine | Title: THE ADMINISTRATION: Against the Winds | 7/28/1958 | See Source »

...second quarter did indeed see the end of the downturn, and by last week signs of upturn were visible (see BUSINESS) even through grey-colored glasses. With his predictions and counsel proved sound, Gabriel Hauge, 44, made a decision to return to private life. His new job: finance committee chairman of New York's Manufacturers Trust Co., fourth largest U.S. bank (after California's Bank of America, New York's Chase Manhattan and First National City...

Author: /time Magazine | Title: THE ADMINISTRATION: Against the Winds | 7/28/1958 | See Source »

Yale's Ralph Henry Gabriel, 68. Sterling Professor of History, and deveoper in 1931 of a pioneer course in American thought and civilization. To such students as A. Whitney Griswold. now Yale's president, Gabriel presented a systematic, thought-prodding evaluation of the history of ideas in the U.S. Writing summers in a shack in the New Hampshire woods, he has filled a shelf with basic texts in American history, including his widely read The Course of American Democratic Thought. He lit few Roman candles while lecturing, nevertheless attracted up to 400 students to his classes...

Author: /time Magazine | Title: Education: Goodbye, Messrs. Chips | 7/21/1958 | See Source »

...Truman's Treasury Department, and continued to keep aloof in George Humphrey's day. Anderson persuaded Fed Chairman William McChesney Martin Jr. to drop around for informal sessions with the President, Anderson, Raymond Saulnier, Chairman of the President's Council of Economic Advisers, and Presidential Adviser Gabriel Hauge. Thus, without binding Bill Martin, the Administration had its first regular forum for voicing its hopes and fears about Federal Reserve policies and their effect on the U.S. economy...

Author: /time Magazine | Title: TREASURY'S ANDERSON: A Soft Answer Turneth Away Tax Cuts | 6/9/1958 | See Source »

...been waiting for the good news for so long that you can't believe it when it comes. I honestly do not feel that the facts of the moment justify a gloomy outlook. I think they justify an optimistic outlook.'' Said Presidential Economic Adviser Gabriel Hauge: "The end of the great pressure of the downward movement will come to an end during the second quarter. It will mill around during the summer and lift in the autumn." The Administration's decision to hold the line on taxes already had the tentative approval of House Speaker...

Author: /time Magazine | Title: THE NATION: Betting on Strength | 6/2/1958 | See Source »

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