Word: lewes
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Dates: during 1930-1939
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...Morgenthau Jr. whom he made head of the Farm Credit Administration. Budgeter Douglas, a "hard money" man, was very close to the President as late as last May when Eugene Black was made Governor of the Federal Reserve, and Dr. Sprague was called in as a prime Treasury adviser. "Lew" Douglas was largely responsible for shoe-horning his "hard money" friend. Dean Acheson, a young Washington lawyer, into the Treasury when the President was looking for someone to help Mr. Woodin...
Guthrie McClintic is waiting until Tallulah Bankhead gets well to produce Owen Davis' Jezebel, a play about old New Orleans. George White will have a new Scandals, Lew Leslie a new Blackbirds. Walter Hampden is rehearsing Ruy Bias. Max Gordon is making ready Gowns by Roberta, with music & libretto by Jerome Kern and Otto Harbach. The Brothers Shubert, scrambling out of bankruptcy, have already presented Joe Cook to gasping audiences, will put on a Follies with Fanny Brice. In collaboration with Jed Harris the Shuberts will produce The Green Bay Tree, a play about sexual abnormality calculated to shock...
...difference is of course that Lew Douglas, director of the budget, feels a particular responsibility to keep down the normal budget of operating expenses and knows these regular items must carry on in the next decade even if the economic depression is over. As for the emergency institutions, they will be suddenly terminated whenever conditions make it possible to do so. A comparison then will be on the basis of the regular and not the emergency expenses...
While this method of bookkeeping is open to criticism, there is no doubt that Lew Douglas some day will be able to keep the normal budget from being increased by protesting against any transfers back to the operating budget of items that the public will insist shall not be continued. If the people, for example, demand the abolition of the emergency budget, there will be a scramble to get in once more on the regular budget. Since the latter will have been brought to a low point during the depression and since a demand for tax reduction is inevitable...
...Lew Hahn. chairman of Hahn Department Stores, Inc., announced last week that his contract with the company would expire Aug. 31, would not be renewed. From 1918 to 1928 as managing director of National Retail Dry Goods Association he was consulting expert for stores all over the country on how retailing could be done profitably. In the merger era of 1928 he came to the conclusion that department stores like everything else could be profitably run in chains. So 22 stores straddling the U. S. from Seattle to Greensboro. N. C.-largest of them Jordan Marsh of Boston-were merged...