Word: morganized
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Dates: during 1930-1939
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...Arthur E. Morgan, teacherish chairman of TVA, called by the committee, explained: "We bought the land so we could come into their plans and work out with them a unified program. It was done merely so we could cooperate with them rather than work in conflict with them...
...much bigger explaining job for Dr. Morgan and friends was an official TVA audit prepared by the one man who has power to pry into all the books and accounts of every New Deal agency- Comptroller General John Raymond McCarl. His job is as nearly politics-proof as can be, for only Congress can remove him during his 15-year term and he is not eligible for reappointment.* And it was a notable show of independence for Mr. McCarl to be critical of TVA, for the soft-spoken Comptroller General with his flowing Windsor tie was once secretary, close friend...
...Morgan hotly defended TVA, declared the report unfair, insisted everything could be explained. Said he: "The principal difficulty of Government operation of any project is the tendency toward inflexibility of management. . . . We did our best to get around it. ... It apparently boils down to a question of whose judgment shall decide questions on the job-the engineers or the auditors...
...made a total that the worshipful minds of art students could not embrace. Nearly every picture was priceless, not for sale, beyond reach of the millions of a Mellon, Frick, Morgan or Widener. At the opening notables made conventional little speeches of Franco-Italian handholding. Their banalities could not obscure the splendor and magnitude of the event. Last week a tourist in Paris could see in a day in the Petit Palais what in any other year would have taken a summer's zigzagging over the face of Europe...
When John Pierpont Morgan I, pacing his office at No. 23 Wall St., heard the decision dissolving the Standard Oil Trust, he growled: "How in hell is any court going to compel a man to compete with himself?" Few blocks away at No. 26 Broadway, home office of Standard Oil of N. J., thin, aging John D. Rockefeller took a calmer view. "We must obey the Supreme Court," he advised his six associates. "Our splendid, happy family must scatter...