Word: morgenthau
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Dates: during 1930-1939
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Under-Secretary John Hanes solved this phraseological problem at the Treasury by having printed in black on a batch of blue cards, to be attached to interoffice correspondence, an oft-repeated question of Secretary Morgenthau: "Does it contribute to Recovery?" At the White House, when Mr. Roosevelt expressed displeasure at "appeasement," correspondents asked him for a better word. He mused a while, then said he would look in his Thesaurus, tell them later...
...President began tax-bill conferences with Messrs. Morgenthau & Hanes about the possibility of removing tax deterrents to Business (capital stock, capital gains, undistributed-profits taxes, the rule disallowing profit-&-loss offsets from one year to the next). The President was described as agreeable to most of their suggestions so long as revenue is not cut. Chairman Pat Harrison of the Senate Finance Committee, field marshal of Vice President Garner's Economy bloc (see col. 3), sat in on one session, after which he described the President's tax attitude as "fine, harmonious...
...this was painful enough to Mr. Morgenthau, but doubtless less painful than the discussion of raising the debt limit. Loyal as he is to Franklin Roosevelt, Henry Morgenthau would like by this time to see the end of the Government's perennial deficit and mounting debt. Before the House committee he declared his belief that a $50,000,000,000 debt would be perfectly safe. Before the Senate committee he cited the continued demand for U. S. bonds as proof that the Federal credit has not been undermined. Senator Glass rasped, "You have maneuvered the damn thing to where...
Last week, still Finance Chairman but never more strongly with the Opposition, Pat Harrison saluted Secretary Morgenthau's presence on Capitol Hill by issuing to the press a statement which met the Administration's monetary program headon. Said...
...President Garner and influential Senators like South Carolina's Byrnes would be found at Pat Harrison's side, but perhaps even loyal Chairman Bob Doughton of the House Ways & Means Committee. At week's end Bob Doughton joined Pat Harrison in a joint letter to Mr. Morgenthau which could be construed either as a goodwill gesture or as another, specific challenge. In tones of warmest welcome they invited the Secretary of the Treasury to make good, after reviewing the income tax returns that will come in March 15, on his promise to ask for reduction of taxes...