Word: hoover
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Dates: during 1930-1939
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...defraud in the $100,000,000 sale of stocks of the Corporation Securities Company of Chicago. Mr. Insull's excuse for the greatest of all exploitations of the American people is that he was following the "general attitude" of big business in 1930, backed by the statement of President Hoover that business in America was on a sound and prosperous basis. He further explains that he was doing no more in expanding than were all businesses at the time, urged by Mr. Hoover's proposal that business proceed with its usual extension plans as though nothing had happened. This extension...
...Bonus Act of 1924, the Government assumed obligations to War veterans which now amount to $3,486,000,000 worth of endowment policies payable in full in 20 years. Over President Hoover's veto in 1931, the veterans won the right to borrow up to 50% of the face value of their policies-at 3½% interest per annum. Only 15% of the veterans failed to take advantage of the offer and some $1,689,915,531 was paid out to them as "loans." The Government has made no serious effort to spur beneficiaries into paying their interest, much...
...Portland, Ore. convention seemed to reach full tide last week on the silvery shores of Miami. A potent convert to prepayment without "usury" was Hanford MacNider of Iowa, onetime (1921) National Commander, onetime (1925-28) Assistant Secretary of War, onetime (1930-32) Minister to Canada. In Hoover times. Republican MacNider had stoutly battled the Bonuseers but now he owed no political loyalty to the New Deal. However, at the heart of the Bonus agitation lay, as usual, a perfectly good Democrat, Representative Wright Patman of Texas. No. 1 Bonuseer, he was appointed to the sub-committee of nine which sweated...
...Washington, President Roosevelt, like Coolidge and Hoover before him, was all cocked and primed to veto any Bonus legislation a politically-minded Congress might dare to send...
Once a highschool teacher, small, grey, solemn Alfred Adams Wheat retains the manner and appearance of a pedagog. Born in New Hampshire of old Yankee stock, he entered the District of Columbia bar in 1891. A Republican, he was appointed by President Hoover in 1929 to the District of Columbia's Supreme Court bench, where he moved up next year to be Chief Justice. From that bench last week he handed President Roosevelt's social program a major set-back by declaring the Railroad Retirement Act unconstitutional, granting an injunction against its operation...