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...House considered speculation more calmly, though Pennsylvania's Louis T. McFadden, chairman of the Banking & Currency Committee, announced that at the next session of Congress his committee proposed to go into Federal Reserve discounts, brokers' loans, investment trusts and mergers. Representative Loring Black, a smart sensationalist, attacked the Reserve Board for alleged connivance with Great Britain. He argued that if England needed gold it ought not induce the Federal Reserve to interfere with U. S. prosperity by hampering Wall Street but should sell to the U. S. some of its island possessions off the Atlantic Coast, which possessions...

Author: /time Magazine | Title: Business & Finance: Federal Reserve v. Speculation | 2/25/1929 | See Source »

...jurisprudence was not even to arouse the enthusiasm of artists capable of crying in a prosperous wilderness. Then, last week. Maxwell Anderson (coauthor of What Price Glory) and Harold Hickerson (piano-theory teacher at the New York Conservatory of Musical Art) aided by Director-Producer Hamilton McFadden and a seasoned cast, delivered a play which caused youthful Marxians to applaud for five minutes after the first night curtain, aided in their bravos by seasoned play-goers who knew they had seen a good play...

Author: /time Magazine | Title: Theater: New Plays in Manhattan: Nov. 5, 1928 | 11/5/1928 | See Source »

Lion-like in its beginnings, the convention of U. S. bankers went out like a lamb. Scarcely had the delegates assembled when Representative Louis T. McFadden, chairman of the House Committee on Banking and Currency, introduced the mooted question of credit and the war of the banks and the bulls. He warned that the Federal Reserve policy of tight money might "produce a business slump without intending to do so." On the other hand, he warned that relaxing the policy might result in more credit going "directly into the speculative loans." Between the two horns of the dilemma, he sought...

Author: /time Magazine | Title: Business & Finance: Bull, Bear, Lion, Lamb | 10/15/1928 | See Source »

...commercial virtuosity to get rich; who "is the only man since Roosevelt to understand the use of calculated indiscretion" in compassing political ends (cf. his purposeful reading of books on crowd psychology, his studied profanity); who last year tandem-hitched the McNary-Haugen farm-relief bill and the McFadden branch-banking and drove them through the Senate with consummate smartness...

Author: /time Magazine | Title: CAMPAIGNS: Grand Old Party | 6/11/1928 | See Source »

...Pinchot, who lives at Milford, on the east edge of Pennsylvania, lately had a more trying experience than Mr. McFadden's question. She was being motored home from Towanda by William F. Hinkle, her chauffeur. Near Susquehanna, Hinkle collapsed at the wheel. The car dashed off the road, grazed a pole, stopped itself. Examining Hinkle, Mrs. Pinchot found he had come down with the measles. She got him in the back seat, wrapped him in a blanket, took the wheel herself...

Author: /time Magazine | Title: National Affairs: It is Not | 4/30/1928 | See Source »

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