Word: money
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Dates: during 1930-1939
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...conference report then arrived in the Senate for final approval. It had to lie untouched for hours while its foes used up time debating the Relief act, which also had to be finished that day. It was dinner time before Senator Wagner, in charge of the money bill, could bring...
...pass a separate resolution to preserve it. This suggestion got nowhere. But it and other speeches took up time. In reply to Mr. Roosevelt's outburst at Hyde Park, Mr. Vandenberg said: "I wonder if our distinguished Executive realized precisely what he was saying . . . that when Congress controls money, Wall Street controls...
...galleries were packed. Majority Leader Barkley's jaw muscles twitched in angry impotence. Sweetly relishing his revenge, Senator Tydings cried: "Shall we, now that the time limit is expiring, recapture the right vested in the Congress by the Constitution to fix the value of the nation's money? Or shall we give up that power in advance, without an emergency, to the President of the United States, and deprive ourselves of the power, in case of future need, to take action that Congress may deem wise...
...President's power irrevocably dead? Administration men had said it would be, until toward the eleventh hour they produced an opinion from Attorney General Murphy stating that the power might legally rise again, after lapsing, should the Senate pass this money bill later on. Until a weary hour Senators debated this point, finally agreeing to vote on the bill this week...
...Secretary should choose to pay $40 an oz. for gold instead of $35 he would in effect devalue the dollar. If he should choose to change the price daily or hourly he could use the power for much the same purpose as the Stabilization Fund. Therefore when the money bill failed to pass, the Administration was placed in no serious hole, nor did Congress recover any notable power previously delegated. The real issue between the President and Congress was: Who is boss...