Word: hoover
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There was nothing to alarm anybody in Martin's testimony, taken by itself; like Humphrey he was just suggesting that it was time to think about the future. But at a Washington dinner given by the Citizens' Committee for the Hoover Report came a candid, grandfatherly rumble from a man whose very name has been used by Democrats for years to frighten Prosperity's babies. Warned ex-President Herbert Hoover: "Secretary Humphrey says that unless we change some of our ways, we will see 'a depression that will curl your hair.' Mine has already been...
...boom-and-bust warnings of Secretary of the Treasury Humphrey and ex-President Hoover (see NATIONAL AFFAIRS) helped start a selling wave that sent the Dow-Jones industrial average tumbling 7.23 points (to 469.96) for the widest single-day break in eight months. The market rallied Wednesday, until a selling surge was set off by President Eisenhower's warning that the Government might have to impose wage and price controls. By that time not even Secretary of Commerce Weeks's prompt assurance that no controls were planned was enough to stop the downtrend. Next day the market dropped...
Lyndon Johnson favors a group like the Hoover Commission, one third appointed by the President, the rest by Congress. House Democrats, however, fear the probable big-business domination of such a group. Congress should therefore appoint the total membership of a more able and representative investigatory group than it can furnish from its own members...
...Massachusetts' ex-Governor Christian Herter, 61, took over as Under Secretary of State from Herbert Hoover Jr., who will stay on at Foggy Bottom as a consultant until Herter's appointment is confirmed by the Senate...
...quiet and unobtrusive was Justice Reed that it took his request for retirement last week, at the age of 72, to win him headlines and a measure of public recognition. A small-town Kentucky lawyer. Reed served Herbert Hoover as counsel for the Federal Farm Board (1929-32) and the RFC (1932-35). As Franklin Roosevelt's Solicitor General (1935-38), he studiously defended such New Deal staples as NRA (he lost the case) and the Wagner-Connery Labor Relations Act (he won) before the Supreme Court. Once, in a rare dramatic moment, he collapsed from exhaustion...