Word: hooverness
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Colonel Frank Knox, publisher of the Chicago Daily News who a year ago, as Republican candidate for Vice President was violently denouncing Franklin Roosevelt, declared "the President's speech was magnificent." The New York Times and the Washington Post published a long letter from Herbert Hoover's Secretary of State Henry Stimson. Mostly written before the President's speech, the letter ended with a paragraph written after it in which the statesman who guided U. S. policy in the last Sino-Japanese crisis in 1931-32 said he was "filled with hope" that "this act of leadership...
When Andrew Mellon resigned as Secretary of the Treasury in 1932 to become Ambassador to Great Britain, he was followed in Herbert Hoover's Cabinet by his able assistant, Ogden Livingston Mills. This week, Andrew Mellon was followed by his junior again. Not quite six weeks after "the greatest Secretary of the Treasury since Alexander Hamilton" died of old age in Southampton, L. I, Ogden Mills, 53, died of heart failure in Manhattan...
That Andrew Mellon stayed on as Secretary of the Treasury under Herbert Hoover after supporting Calvin Coolidge in the 1928 Republican Convention, was partly because by that time he had become practically a U. S. institution. Closer to and better liked by the President, Ogden Mills really ran the Treasury for two years before his superior resigned. Since 1933, Ogden Mills has been trying to help put the Republican Party together again, running his private finances which included directorships in Cerro de Pasco Copper Corp., Chase National Bank, Mergenthaler Linotype Co., National Biscuit Co. and Seaboard Oil Co. A liberal...
...when the American Bar Association held its annual convention in Washington, its members enthusiastically wrung Herbert Hoover's right hand until it bled. Had he been at Kansas City last week, Franklin Roosevelt's hand would not have bled but his ears might have burned, for 3,000 members of the Law's outstanding professional association met there in a very different state of mind. If anything were needed to put a fine edge on the legal profession's fury at Franklin Delano Roosevelt it was the Constitution Day address three weeks ago in which...
...reasonably stable, but there was fear that the franc, down last week to a new eleven-year low, might eventually topple the pound (see p. 24). In the long view, sinking foreign currencies may be inflationary, may lead to another cut in the dollar. But immediate effects, as Herbert Hoover liked to point out after Britain left gold in 1931, are sometimes unpleasantly deflationary...