Word: humphrey
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Dates: during 1950-1959
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...Saud. But even before Saud was airborne on his trip home to Saudi Arabia, the President himself was winging southward to join Art and George at Thomasville. Stepping out of his plane into balmy weather ("My," commented Mamie Eisenhower, "this sun feels good"), Ike drove to Treasury Secretary George Humphrey's 600-acre plantation, "Milestone." Next day he climbed into a mule-drawn hunting wagon and to the soothing clop-clop-clop of two white mules, drove to the dry brush where the quail were hiding. And there, within the hour, the President almost forgot the tensions...
Treasury Secretary George Magoffin Humphrey, for example, has some pretty strait-laced ideas about balanced figures. Testifying last week before a crowded session of the Joint Congressional Committee on the President's Economic Report. Humphrey warned: "If we retain our present high tax rates over a sufficiently long period of time, we won't be able to maintain the activities necessary to provide jobs for our people." But he turned down committee invitations to suggest ways of trimming President Eisenhower's $71.8 billion fiscal-1958 budget (TIME, Jan. 28). Urged Wyoming's Democratic Senator Joseph...
...Road to Inflation. When Humphrey had finished, Federal Reserve Board Chairman William McChesney Martin Jr. took the stand, and without even noting that Prosperity was beautiful, grimly defended the Administration's "tight money" policy as an indispensable weapon against inflation. With the economy booming, he explained again, demand for credit tends to outrun supply, so interest rates push upward. For the Government to try to hold the rates down would be to follow "the road to inflation." The oft-raised claim that tight money presses unfairly on small business and local government is "debatable," Martin argued. Furthermore, frustrated borrowers...
...language, it was explained by Sen. Humphrey (D-Minn.), puts the responsibility up to Eisenhower for triggering any armed U.S. action in the Middle East, while serving advance notice that Congress is back...
After hearing from Jessie, reporters for the first time in years began dialing Cabinet wives, asking if they would like to see their husbands resign. Pamela Humphrey (Treasury) and Isabelle Mitchell (Labor) were out of town. Janet Dulles (State), Jane Weeks (Commerce) and Mary Folsom (Health, Education and Welfare) declined to comment, but four wives had something to say and no hesitation in saying it. Flora Benson (Agriculture): "As long as the President wants my husband to remain in Washington, I will be happy to stay here." Gladys Seaton (Interior): "I endorse Mrs. Benson's sentiment." Miriam Summerfield (Post...