Word: hooverness
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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...
...shortly after 3 p. m. from her suburban house by a man with a revolver and a lead pipe. The Stolls did not ring famed NAtional 7117 in Washington, as every kidnappee's family is supposed to do. The first thing that D. O. I. Director John Edgar Hoover knew about the case was when he received a telephone message at 7 p. m. from a relative of Mrs. Stoll, onetime Ambassador Frederick M. Sackett Jr. Within 24 hr. the D. O. I. laboratories had the $50,000 ransom note, had found fingerprints and identified them, among nearly five...
Less than 1,200 people work for the D. O. I. Less than half of them are field operatives who report to 30 bureaus throughout the country. Their names are never known. But their bureau chiefs and inspectors must be known. Director Hoover has a teletype system to all bureau headquarters and D. O. I. men are encouraged to use the long distance telephone like grain speculators. Through this high-speed network Director Hoover began converging some 30 operatives on the scene of the crime. From Washington, Assistant Director Harold Nathan flew to Louisville to co-ordinate the search. Inspector...
Last week the British Admiralty was urging Prime Minister MacDonald to demand a new agreement whereby Britain could have 70 cruisers, each somewhat smaller than those comprising the 50 to which she is limited by present treaties. Like Presidents Harding, Coolidge and Hoover, President Roosevelt was understood to stand firm last week on the basis of 35,000 tons as the proper size for each nation's capital ships, while Britain would like to cut this maximum...