Word: lend
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Dates: during 1950-1959
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Fair Dealers and their C.I.O. buddies dug out his speeches, reread old articles, measured him for the target board and found him a perfect fit. He had once pronounced the New Deal's welfare programs a menace to the American way of life, in 1941 had loudly opposed Lend-Lease and U.S. "involvement" in Europe, had viewed with alarm presidential powers "to control completely the industrial life of America down to the smallest factory." What's more, he was also suspected of being overly soft toward Big Business...
...World War II isolationist while president at Rochester, he sent scholarly messages to Congressmen opposing any change in the Neutrality Act, opposing Lend-Lease as the road to certain U.S. involvement in the conflict. In 1940, he headed the Democrats-for-Willkie group. He became a director of a number of topflight U.S. corporations, e.g., Freeport Sulphur Co., Buffalo, Rochester & Pittsburgh Railway Co., Bausch & Lomb Optical Co. In 1948, he served for a year as chief of the ECA mission to The Netherlands and was made a Grand Officer of the Order of Orange-Nassau by Queen Juliana...
...years ago at the prayerful request of George Marshall, he already had behind him a solid and varied career. He had been a Congressman, an industrialist, Director of the Budget (he quit because he disagreed with Roosevelt's ideas of New Dealing spending), the head of McGill University, Lend-Lease expediter, war shipping administrator and the president of the Mutual Life Insurance Co. of New York. He arrived in London at a time when the British loan was fast running out and Britain was financially on her knees...
Even after graduation, Haldy keeps watching. If a student needs money to go on to advanced degrees, Haldy will lend him some ("And really, I've never lost a cent"). Later, as the years pass, he keeps writing to his old students, following their careers to universities and research laboratories across the U.S. "I keep in touch with them all," says Bachelor Haldy. "They are my family, and there are too many of them for me ever to be lonely...
...Squeeze. It was a harvest almost without precedent in the history of U.S. collective bargaining. Even in the comparable days of 1941, when the U.S. was mobilizing for Lend-Lease, labor unions had to fight every inch of the way for their raises. But this time, with skilled workmen hard to find and mobilization sure to squeeze the labor market tighter, U.S. employers were determined to hang on to their workers by upping their wages. Besides, both labor and management knew Harry Truman had the power to freeze wages any day, and neither wanted to be frozen below the prevailing...