Word: hoover
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Dates: during 1930-1939
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...write his speeches. He coined stinging phrases for him (e. g., "industrial cannon fodder"). He traveled up & down the land with the party nominee. And he had his reward when he and he alone marched into the Red Room with President- elect Roosevelt to discuss War Debts with President Hoover last November. President Roosevelt gave Dr. Moley his State Department appointment three days after the inaugural. For his personal staff the new Assistant Secretary picked Arthur Mullen Jr., son of Mr. Roosevelt's Chicago convention floor manager; Celeste Jedel, 22, a pretty honor student...
...predictions that some day the power of the "Brain Trust" over the White House will cause a terrific rebellion within the party against its leader. But Dr. Moley, jealous of his close association with the President, is no radical. He believes in economic planning-just as Herbert Hoover did before the election. He believes in private property rights and due process of law no less firmly than does Chief Justice Hughes. For practical politicians like "Jim" Farley and "Joe" Robinson he has the greatest admiration. He has even expressed this arch-Hamiltonian view: "We would have better government if less...
...scale. At the Treasury's order they will buy up to $3,000,000,000 worth of Federal securities and hold them for a specified time. Thus $3,000,000,000 in cash will pass along to the banks and presumably into commercial credit. But last year President Hoover tried the same method of credit inflation and failed to produce results. In three months the Federal Reserve bought $950,000,000 worth of "Governments," but their payments lodged in the banks and never got out to the country. Last week the governors of the twelve Reserve Banks, meeting...
Though it was not his doing, such a break during his first month in office heartened Lewis Williams Douglas, President Roosevelt's slick-haired, squint-eyed young Director of the Budget. The 1933 budget is a hangover from the Hoover Administration, a Republican inheritance beyond Democratic repair. Most of the Roosevelt economies will not show up until the 1934 budget (effective July 1) and upon them Budgeteer Douglas is concentrating with a heartless zeal that has bureaucratic Washington by the ears. Though he shakes his head mournfully and talks about his "sad job" which wrecks the hopes and happiness...
...long step toward that goal when, through the White House, he submitted to Congress his estimates for the Independent Offices Appropriation Bill. At the last session was passed a similar measure carrying $1,083,567,534, of which $966,838,634 was for veterans. On March 4 President Hoover vetoed it because of Congress' failure to reduce pensions. In the revised version of this supply measure for warded to the Capitol, Director Douglas asked for only $615,159,926 - a clear saving of $468,407,608 due almost entirely to President Roosevelt's orders reducing pension payments after...