Word: meyer
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Dates: during 1930-1939
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...Federal Reserve Bank of Boston (salary: $30,000 per year), President Hoover courteously wrote him: "I shall find it difficult to replace you." But the replacement of Mr. Young was not so difficult as the President had anticipated, for last week he made up his mind to appoint Eugene Meyer Jr., potent onetime New York financier and longtime Treasury officeholder...
...from any of the dozen reserve districts throughout the land. New York is already represented on the Board by Vice Governor Edmund Plate, Poughkeepsie publisher, onetime (1913-21) Congressman. Last week the President was pictured as trying to "circumvent" the law in such a way as to get Mr. Meyer on the board. Circumvention, however, was unnecessary when Vice Governor Platt conveniently resigned to join Marine Midland Corp., thus making way on the Board for Mr. Meyer. (Prohibited by law from taking a bank job, Mr. Platt can nevertheless serve the potent Buffalo-centered holding company which owns many...
...York bankers and financiers were as glad to see Mr. Meyer go in as they were to see Mr. Young go out. Mr. Young as Board Governor, had been largely blamed for the Board's failure to check last year's stockmarket crash. His warnings had been ineffectual, his restrictive policies barren of results. Mr. Meyer, on the other hand, is a forceful aggressive character who has known Wall Street from his youth. (He was perhaps the first man to make a thorough statistical analysis of U. S. Steel's investment possibilities...
...Wall Street liked Mr. Meyer, the insurgent farm members of Congress did not. When his confirmation comes before the Senate, it was predicted that all the old hue and cry about turning the Federal Reserve Board over to Wall Street would be raised against him. This complaint, plus the fact that he is a Jew of French extraction, has in the past seriously retarded able Mr. Meyer's political progress...
Died. Philip Shepheard Teller, 69, San Francisco merchant, successor to Meyer Lissner (died fortnight ago, TIME, Aug. 11) on the U. S. Shipping Board (1926-29), onetime chairman of California's Republican State Central Committee; after long illness, at Alameda. Calif...