Word: morganthau
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Dates: during 1930-1939
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...people milled in the streets when old Henry (Uncle Henry) Morganthau's red Packard forced its way through the crowd with the aid of some of the 450 special police. Out of the car got a Roman Catholic priest. He was soon lost until someone screeched "Here's Father Coughlin" and catapulted Detroit's famed radio demagog through a door. Old Uncle Henry followed in the swirl but onetime Senator Robert Owen, tall and feeble, became terrified. "Please get me out of this" cried...
...Federal Reserve Board bade fair last week to bring upon itself direct government control, and will get just that before long, if it continues to withhold its support from the government bond market. It has excluded Morganthau, the President's chief fiscal officer, from its meetings, apparently with the intention of following an independent "we-know-better" policy of deposit contraction (credit deflation) to offset whatever attempts the President may make to finance the Recovery Act with government bonds. Happy the fate of these self-appointed Watchers Over the President if through obstinate resistance to the administration they bring about...