Word: hooverness
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Harriman: You showed some people that weren't a very great credit to the Republican Party, and I think your array, beginning with MacArthur and Hoover and Dirksen...
...president of the James Monroe Memorial Foundation and great-great-grandson of Monroe, expressed surprise at this news. Said he last week: "If the Monroe cut-glass decanters are missing, they have been lost in recent years. I myself saw them in the White House as late as the Hoover Administration...
...direction last week. The pattern led to two conclusions which seemed to be, but were not, contradictory: 1) there will be no organized bolt of the party by Southern Democratic leaders, 2) Dwight Eisenhower has a better chance to carry Southern states than any Republican candidate since Herbert Hoover...
Like watching a newsreel run backward, delegates from 23 nations have been meeting in London, threading their way through the financial tangles of two global wars. Phrases that were headlines a quarter-century ago (Dawes Plan, Young Plan, Hoover Moratorium) ran through their talk as they sought a way to settle Germany's $6 billion foreign debt. The problem, said U.S. Delegate Warren Lee Pierson, T.W.A. chairman and an old hand at international financial powwows, was "probably the most complicated in financial history." Last week, at a press conference in Manhattan, Pierson announced that the problem had been settled...
...most complicated problem started in 1933, when Germany began to default on interest payments on state, municipal and corporate bonds. To give her a breather, President Hoover arranged a moratorium on all payments in 1931. Shortly after, Adolf Hitler repudiated the whole debt; he charged that it was caused by reparations and was one of the injustices of the Versailles Treaty.* As the market value of German bonds tumbled, Hitler's agents quietly bought up blocks of them at fractions of their par value, stored them away in Berlin. When World War II broke, the U.S. suspended trading...