Word: galbraithe
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Dates: during 1940-1949
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Pressure from Within. Up & down the long corridors of Washington's huge new Census Bureau Building raged a pitched battle. OPA's "slide-rule boys," the Leon Henderson carryovers headed by gangling "5-ft.-20-in." Deputy Price Administrator J. Kenneth Galbraith, grappled with the new "let's-be-reasonable boys," headed by stocky Lou Russel Maxon, the Detroit advertising wizard whom Prentiss Brown hired to humanize...
...make OPA orders understandable, over how to work subsidy payments, over making Lou Maxon "general manager" of OPA. Prentiss Brown had not been acting like a strong administrator. Now he told reporters that OPA was not "coming apart at the seams," then admitted he would have to decide between Galbraith and Maxon within the month. This week Galbraith resigned. This might end the internal confusion. It could not stem the outside pressures...
...Four U.S. distillers (Hiram Walker, National Distillers, Schenley's, Seagram's) produced 64% of all domestic whiskeys, owned 20 of 97 operating distilleries. By last week the same four owned at least 20 more of the smaller distilleries, and Deputy Price Administrator J. Kenneth Galbraith estimated that the big fry control 80% of all the bulk whiskey in the U.S. Topers had one safe bet: for the duration liquor will be both scarce and expensive. But they had one nip of comfort-the sober outlook for drinkers makes the outlook for Old Man Prohibition bleak...
...slide-rulers in OPA number well over a hundred. They date from Leon Henderson's day. Among their leaders are John Kenneth Galbraith (Ph.D., ex-professor of economics), who supervises price control; Paul O'Leary (Ph.D., ex-professor of economics), in charge of rationing; Harold Rowe (Ph.D., Brookings Institution economist), who directs the food division. They closed ranks for a show down soon after Price Boss Brown asked Lou Maxon to leave his big Detroit advertising agency to try to persuade the U.S. people that OPA was no whipcracking bully, but their friend (TIME, March 22). Stocky, sandy...
Lanky, soft-spoken Kenneth Galbraith, Henderson's price man, says he has not worked out the actual formula. The idea is to narrow margins a trifle, but still allow wholesalers and retailers enough leeway to stay in business after meeting the increase in replacement costs since March. Some prices will rise sharply, others will remain unchanged. OPA estimated that the new formula would not up over-all food bills more than...