Word: loosening
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...interested in backing a candidate who will win nomination and election in 1940. If that candidate is James Aloysius Farley, that will suit him fine. If it is Franklin Roosevelt or some other, Jim Farley will accommodate himself. Meanwhile letting a boomlet for himself get under way will not loosen his hold on the party machinery...
Genial Banker Jones, at home on his Texas heath, wasted no time in laying this canard: "I have been introduced as a conservative. I am a liberal." Thereupon, taking his usual line that U. S. banks would have to loosen up "or else," he said: "We should all remember that it is the borrower who makes the mare go. He buys and hires and builds. He sometimes makes mistakes, but even so, he should still be encouraged...
Three courses seemed to lie before this President who, after having his hold on the country tightened in three successive elections, now suddenly felt that hold loosen, 1) He could press ahead with his legislative reforms, forcing issues to bring about the national Liberal v. Conservative realignment he had undertaken. 2) He could acquiesce in the new independence of Congress and let it work out its own solutions to controversial problems like Labor law and Social Security revision, railroad rehabilitation, while he led on toward larger, less controversial goals such as national Rearmament and security for the Western Hemisphere...
These remarks brought to light a behind-the-scenes fight between Mr. Eccles and the Treasury. The Federal Reserve Chairman would relax restrictions on bank investments and use bank regulations and examinations as the Federal Reserve uses its reserve requirements: loosen them in depressions, tighten them in booms. Stoutly opposed to this are Acting Comptroller of the Currency Marshall Diggs, and former Comptroller J. F. T. O'Connor who resigned three months ago to run for Governor of California. Both Mr. O'Connor and Mr. Diggs prefer to consider investment and loan restrictions, as well as bank examinations...
...Alexander Eraser to do his portrait or a bit of native scenery, his heirs somehow managed to keep the picture in the family and few have had to be sold to buyers like Sir Joseph Duveen or Sotheby's of London. The canny private owners were induced to loosen up and loan their paintings for this year's display...