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...Probably WLB's Davis, OPA's Henderson, Labor Department's Perkins, Manpower Commission's McNutt...

Author: /time Magazine | Title: End of Social Gains | 6/8/1942 | See Source »

Citizens had stopped most of their grumbling at each other's greed for gas. Price Boss Leon Henderson told President Roosevelt he was pleased with the "fairness" of the people, said the registration for gas cards had turned out to be in line with OPA estimates. The first tabulated returns: X cards (unlimited), 9.6%; A cards (the most limited), 30.8%; B-3 cards (for business use), 37.3%. Remainder were...

Author: /time Magazine | Title: Shanks' Mare | 6/1/1942 | See Source »

...lonely, stubborn champion of "volun-tary" war bond sales, Henry Morgenthau last week saw ominous clouds of opposition gathering. Marriner Eccles of the Federal Reserve, Harold Smith of the Budget Bureau, Leon Henderson of OPA had ganged up against him, to champion forced savings. So Henry the Morgue pondered his own dozen schemes for raising money the voluntary way and took stock of results to date. In the twelve months to the end of April, the Federal debt had increased $17 billions. That was a fair measure of Henry's success in selling Treasury securities. Only...

Author: /time Magazine | Title: INFLATION: Voluntary Henry | 5/25/1942 | See Source »

Coffee, as typical of U.S. life as gasoline, will soon be rationed. Leon Henderson promised as much last week; U.S. housewives have long guessed it from the state of their grocers' shelves. Even No. 1 U.S. coffee merchant A. & P. had to turn away customers from many stores, finally borrowed some Colombian coffee stored on Staten Island. The stuff got so scarce that huge General Foods slapped a temporary embargo on Maxwell House last month, had to refuse to make any deliveries until a few days ago. Like sugar and gasoline, the coffee shortage is really a transportation shortage...

Author: /time Magazine | Title: COMMODITIES: Coffee Next | 5/25/1942 | See Source »

...fill his mug at least five times a day the Quartermaster Corps has already bought over 600,000 bags, is in the market for at least that much more. Anticipating this off-balance supply & demand situation, coffee prices started rising a year ago, were about to run away when Henderson slapped on a price ceiling last December. Since then coffee prices have given Leon nightmares. A tough, politically smart, internationally minded lot, the coffee boys set up a clamor for a higher ceiling. OPA boosted...

Author: /time Magazine | Title: COMMODITIES: Coffee Next | 5/25/1942 | See Source »

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