Word: merchanted
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Dates: during 1930-1939
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Your apt description of Edward A. Filene as a "rich old Boston merchant . . . talking liberalism" printed in TIME, May 24, interested me no less than its refutation in the letter written by Mr. Joseph Warren Bishop Jr. [TIME, June 14]. It seemed to me that TIME did not err, was right as usual...
Felix Vorenberg, another successful Boston merchant (perhaps not quite so rich), and Pierre Jay, then State Bank Commissioner, were both liberal enough to have sensed the potential value of Credit Unions for working people as far back as 1909, which was before Mr. Filene had become fully aware of the future possibilities of "talking liberally" about them. Had it not been for these pioneering crusaders, Massachusetts might never have had a Credit Union Law and Mr. Filene and his associates might not have had the cornerstone on which to build the National Credit Union Movement...
Celebrated with the launching of 2,300 hastily built Wartime ships, the marriage of the U. S. merchant marine and the U. S. Treasury has, for 20 years, been going from bad to worse. During all that time the bride did little but run up bills. For a number of years she has been going through the pockets of the Treasury for $25,000,000 to $30,000,000 a year in mail subsidies and steadily getting more down at the heel. Today 90% of U. S. merchant ships are over 15 years old and few are able to travel...
...Senator from Illinois the explanation, but-Great God!-I respectfully decline to give him understanding." The final scene of the debate was almost tearful. Alben Barkley cried: "I never expected to see the floor of the U. S. Senate turned into a theatre where a scene from the Merchant of Venice would be re-enacted with Uncle Sam playing the role of Shylock." Carter Glass stamped onto the floor and delivered a philippic upon "economic blunders, if not economic crimes, perpetrated by Congress in the name of starving people who never starved and freezing people who never froze." Senator Borah...
...adequate merchant marine has to be a new merchant marine." So wrote Franklin Roosevelt last week pointing out that no freighter for the foreign trade had been built in U. S. shipyards for 15 years. He asked Congress to provide 1) a $10,000,000 appropriation, 2) authorization to contract for $150,000,000 worth of ships, as a starter for his friend Joseph Kennedy, once head of SEC, now chairman of the Maritime Commission, charged with subsidizing the rundown merchant fleet of the U. S. into efficient operating order...