Word: hendersons
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Dates: during 1940-1949
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Good Works & Bad. Thus Leon Henderson, watchdog of the nation's prices, big bad wolf to Congress and bull in a china shop to all & sundry, dropped out of one of the biggest of all wartime offices. For all his polite interchange of letters with his President, Henderson did not fall. He was pushed: by the farm bloc, by Midwestern Congressmen who loathe gasoline rationing, by Democrats who thought that his restrictions had been the biggest factor in November's election returns. And perhaps the Administration felt it was time to sacrifice him when a new blunder over...
...Henderson had made many mistakes. He had tried to do two jobs, price control and rationing, with one brain. In rationing, he had insisted on working out his own system instead of taking the easy way out by working through industry committees, which probably would have been more efficient. He had picked some lemons on his staff: some of the forms they dreamed up were nearly as complicated as critics made out. And, though any price and rationing boss must frequently swat the public and politicians, no public official should seem to enjoy it so much...
...Henderson, a practical economist who would rather be right than popular, had left many a good work behind him. He had calculated nearly to the hour when the U.S. war effort would run into steel and transportation shortages, had done his best to make skeptics see the handwriting on the wall. He had mapped U.S. strategy against inflation, had created the job of Price Boss, had helped get the price laws through Congress. And despite all the mistakes, all the red tape and all the difficulties, he had by & large kept prices down...
...press conference last fortnight Henderson once again cited the figures he takes such pride in: they showed that the basic price level has risen only two points since he got his price-control act last January. Said Leon Henderson: "I'd rather be remembered for that than for the people who love...
...succeed volcanic Leon Henderson as Price Boss (see above), Franklin Roosevelt last week chose a man who seldom erupts: able, steady, slow-burning Senator Prentiss Marsh Brown of Michigan, 53, a Democrat and-through no fault of his own-a lame duck. Senator Brown did not want the job: after his defeat by Michigan's popular Judge Homer Ferguson last month (TIME, Nov. 16), he was ready to go back home to resume his law practice. But when the White House put the job up to him as a patriotic duty, conscientious Prentiss Brown had no choice...