Word: mcadoos
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Dates: during 1930-1939
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...record of Senator William Gibbs McAdoo is as follows: Born: At Marietta...
Career: Son of a lawyer and officer in the Confederate Army who was disfranchised and impoverished after the Civil War, William G. McAdoo was a messenger, clerk, handyman, worked his way during his three years at the University of Tennessee. While he was reading law in Chattanooga, he got into politics as an alternate delegate to the Democratic National Convention in Chicago in 1884. He cast his first vote for Grover Cleveland, was admitted to the bar just after his 21st birthday. More businessman than lawyer, he lost his shirt trying to electrify the Knoxville Street Railroad system, mortgaged...
...McAdoo's real political career began when he met Woodrow Wilson in the Princeton, N. J. railroad station in 1910, was so impressed that he helped elect Wilson Governor of New Jersey. Two years later he helped elect him President. He was the New Freedom's Secretary of the Treasury until after the Armistice. "To make it a people's Treasury rather than a bankers' Treasury," McAdoo made national banks pay 2 % interest on Government deposits, helped Carter Glass push through the Federal Reserve Act. The War saw McAdoo's zenith as a public servant...
...great Wilsonian (he had cemented the relationship by marrying Daughter Eleanor Wilson in 1914), McAdoo came near the Democratic Presidential nominations in 1920 and 1924. Sidetracked by New York's Al Smith, McAdoo repaid that score and formed a second political alliance eight years later by helping to sidetrack Al Smith for Franklin Roosevelt at Chicago in 1932. At the same time he ran for the Senate with Hearst and Roosevelt backing, won his first big elective...
...Senate, McAdoo rarely makes a speech (his voice is high, squeaky) except on behalf of his pet project: no Panama Canal tolls for intercoastal shipping. In Washington, he is considered a greatly diminished public figure, but still a shrewd political opportunist. Popularly supposed to telephone the White House before casting a vote, he has voted for: Emergency banking legislation, legalizing 3.2 beer (he was a Dry favorite in 1924), 25? limitation on veterans' pension cuts (1933): Gold Restriction Act, Bankhead Cotton Act (1934); Wagner Act (1935); Wagner Housing Act, Neutrality Act, taxation of Federal tax exempt securities, Naval expansion...