Word: hooverness
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...House: ¶ Passed (249-to-118) a $543,000.000 Independent Offices appropriation bill; sent it to the Senate. A substitute for the measure vetoed March 4 by President Hoover, the bill lopped $451,000,000 off veterans' payments and authorized the President to cancel Government contracts, furlough Army officers on half-pay, retire Federal employes after 30 years civil service and cut Army & Navy flying...
...inflation program calls for the Federal Reserve System to enter the open market and buy up to $3,000,000,000 worth of U. S. securities. With the purchase money commercial banks would expand credit to their customers, help industry and business to get started again. Last year President Hoover tried this method of credit inflation to the tune of nearly $1,000,000,000. It did not succeed because the period was one of liquidation. Now that pressure has been relaxed, if not definitely reversed, President Roosevelt believes that with a strong and sympathetic man at the handle...
During his first two months in office Secretary of the Treasury Woodin went through the banking crisis, the gold embargo and the inflation excitement with the help of able Republicans left behind by Herbert Hoover. At his right hand was Arthur Atwood Ballantine as Undersecretary and at his left James Henderson Douglas as Assistant Secretary. Francis Gloyd Await acted temporarily as Comptroller of the Currency. David Burnet continues as Commissioner of Internal Revenue and Walter Orr Woods as Treasurer of the U. S. Governor Eugene Meyer of the Federal Reserve Board lay low until his successor could be found...
Democrats all. The three empty chairs were silent reminders of the fact that President Roosevelt had not yet gotten around to filling three Republican directorships. The business before the board was the election of a chairman, a post vacant since March 4 when bald, bumbling Atlee Pomerene, Hoover appointee, was forced out by the Senate's refusal to confirm his nomination. Together went the Woodin, Couch and McCarthy heads. When they came apart Jesse Jones, Houston publisher, realtor, banker, lumberman and promoter, found himself unanimously elected R. F. C. chairman. Chairman Jones has been...
...court has heard it would appear that the cause must ever remain in the realm of conjecture." Meanwhile the joint Congressional committee of investigation went to Akron to begin hearings. Sunnyvale, Forty miles south of San Francisco in the orchard land of the Santa Clara Valley, hard by Herbert Hoover's Palo Alto, is a field of pure gold with a silver mound in the centre. The gold is a carpet of California poppies. The silver is the shimmering aluminum paint of an airship dock, second in size only to the Goodyear-Zeppelin dock at Akron. The whole...