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Runners. Of more importance than office to Mr. McAdoo, however, was his chance to command the ear of the man who may next occupy the White House. Every President gathers about him a little group of party insiders who may be said to "run" him. He heeds their advice, follows their suggestions. President Harding was "run" by Secretary of State Hughes, Attorney General Daugherty, Interior Secretary Fall and Mrs. Harding. The real powers in the Coolidge administration were Massachusetts' Senator Butler, Secretary of the Treasury Mellon and Speaker of the House Longworth. President Hoover's ear is wide open...

Author: /time Magazine | Title: National Affairs: The West & Washington | 8/29/1932 | See Source »

Chief among these new allies are such men as Washington's Dill, Louisiana's Long, Montana's Wheeler, North Carolina's Daniels, California's McAdoo. Each & every one of them would like to "run" a Democratic President. Their political claims to that privilege seriously handicap Governor Roosevelt in the East. By alarmed Republicans he is depicted as an "unsafe" leader in "unsafe" company. Even President Hoover raised the cry of radicalism against his opponent in his acceptance speech. But Governor Roosevelt is a smart politician and sometimes it is good politics to give the appearance of being "run" by this...

Author: /time Magazine | Title: National Affairs: The West & Washington | 8/29/1932 | See Source »

Forgotten Man. California does not look upon Mr. McAdoo as a dangerous radical. He practices good substantial law at Los Angeles, has a rambling summer home at Santa Barbara. Like anyone else, he golfs, swims, rides, drives his Lincoln touring car 70 m. p. h. Most Californians, regardless of politics, regard him as a good neighbor...

Author: /time Magazine | Title: National Affairs: The West & Washington | 8/29/1932 | See Source »

...East and particularly New York has forgotten the young Georgia lawyer who arrived in Manhattan before the turn of the century and by sheer persuasiveness squeezed some $72,000,000 out of Wall Street to build the Hudson tubes. In those days Mr. McAdoo was a local hero. Forgotten, too, is the Secretary of the Treasury who converted Wall Street to the Federal Reserve. Only Mr. McAdoo himself seems to recall that it was no less a person than the elder Morgan who, at the outbreak of War in 1914, begged his advice on closing the Stock Exchange...

Author: /time Magazine | Title: National Affairs: The West & Washington | 8/29/1932 | See Source »

...Victory Loan of 1919 was floated by his Treasury successor, Carter Glass. ?In Crowded Years, his autobiography, Mr. McAdoo suggests that Britain and France swap the U. S. their colonies in the West Indies, Central and South America in lieu of cash payments on their War Debts...

Author: /time Magazine | Title: National Affairs: The West & Washington | 8/29/1932 | See Source »

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