Word: humphrey
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Dates: during 1950-1959
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From his position outside the arena, Secretary of the Treasury George Humphrey, who wanted only a one-year extension of present corporate-income-tax rates and some excise taxes, fired in a few rounds. Characterizing Johnson's plan as a "political quickie gimmick," he said: "You don't help to increase the purchasing power of the 'little folks' by repealing the laws which are helping to make their jobs...
...such a hectic week. On Monday, as Wall Streeters gloomed over the Fulbright investigation, stocks had their biggest drop since the start of the Korean war. Industrials fell 9.72 points, to 391.36, back to where they were in early December. Next day Wall Street took cheer from Treasury Secretary Humphrey's testimony (see below), and stocks bounded up. They ended with a gain of 7.92 points, the largest single-day's advance since Sept. 5, 1939. In the next two days they crept up farther, ended up the week with a net gain of 3.67 points. It looked...
Next witness was Treasury Secretary George Humphrey, who had been following the hearings closely. Humphrey decided that it was time to read former College President Fulbright (University of Arkansas) a little lesson in economics. Humphrey was frankly worried about the effects of the investigation, feared it would affect confidence in the economy as a whole as well as the market. The market, said he, is a meeting place of the ideas of millions of people. "Confidence is a subtle thing. It is built slowly and can be easily and quickly shaken . . . Confidence-or lack of it-has more...
These six men should handle Wynn's singles problems, but he also has a group of fine reserve players. "Humphrey Nichols, Dave Lange, John Rockefeller, and Al Kalil are all capable players," Wynn said...
...Hubert H. Humphrey (D-Minn.) will speak on "Franklin D. Roosevelt and the Modern Democratic Party," before an estimated 100 representatives from 30 colleges, attending the New England Intercollegiate Association of Young Democrats Convention, tomorrow at 3 p.m. in Harkness Commons...