Word: mcadoos
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...press was given for direct quotation a one-sentence sample of sententious Presidential philosophy: "It takes a long, long time to bring the past up to the present." Second came the case of California for which Franklin Roosevelt was not prepared. At the news that Senator "Dear Mac" McAdoo had been swamped by the old-age pensioneer, Sheridan Downey (see p. 26), the President masked neither his surprise nor chagrin, but he made a quick recovery, cheerfully accepted Nominee Downey as a true liberal, let National Chairman Jim Farley promise him election support...
...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...
Outside Congress: Still lean as an Indian brave, Senator McAdoo at 74 dances, rides, fishes, but less than he did three years ago. At 71 he married his third wife, Doris Cross, aged 24. Because his enemies point out that he will be 81 before he finishes another six-year term, he is at present abnormally sensitive about his age, offers to beat any of his critics at tennis. His present status in Roosevelt strategy is precarious, more that of an old pensioner than a valuable lieutenant. When the President finally got around to endorsing him from the platform...