Word: hendersons
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...head of it he placed burly Leon Henderson, most dynamic and executive of the New Deal coterie. Into Henderson's hands he placed powers which include authority to fix priorities on all civilian supplies, to withhold supplies from offending industries, to use priorities on transportation, to fix and publish maximum price schedules-and to advise the President to commandeer plants which fail to cooperate...
...Henderson the most important single sentence in the executive order creating his new job is the authority to "stimulate provision of the necessary supply of materials and commodities required for civilian use." Said he to his press conference: "The essence of control does not lie essentially in price-fixing administration, but resides largely in the question of supply and capacity." He considers himself a supply commissioner as well as a price tsar; he plans to use all his power to put pressure on business to drop opposition to plant expansion. Major examples of such opposition: the Gano Dunn report (declaring...
...position of Stettinius and Budd is still further impaired by Henderson's power over priorities for the production and the transportation of civilian supplies. A further indication of their waning influence was given when the President mentioned Budd in press conference as one of the only two members of the original NDAC he had not taken care of in the new defense setup (the other: Chester Davis, who has just been given a Reserve Bank job in St. Louis...
...Henderson laid hands on his new job with the gusto of a man who has starved for months for just such power to put over his ideas. "You can name anything and I would say that prices are already too high," he told his first press conference. "All of our prices must not go higher. All prices ought to come down." To keep them down he promised to use "economic sanctions." Specific industries he said he planned to go into are textiles, coal, steel, drugs, chemicals, non-ferrous metals, building supplies, machinery, hides and leather...
...change in both the President's recent views and the new commissioner's standing. Only seven weeks ago Mr. Roosevelt put himself on record with an all-out acceptance of the Gano Dunn report (which is the No. 1 red rag to New Dealers). And in January Henderson believed his "too little too late" views on the need of expansion were getting so poor a hearing at the White House that he went off on a long vacation to the Virgin Islands. About that time rumors spread that he was through with Washington, and he began getting offers...