Word: morgenthau
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Dates: during 1930-1939
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Like a hen sitting patiently on a nest full of china eggs and growing worried because they would not hatch, Secretary of the Treasury Morgenthau has since last December been sitting on the Government's sterilized golden nest egg. Ever since then, the Government has been buying all the gold imported into the U. S. and storing it away to prevent the normal inflationary effect of such an influx. With recent imports of $5,000,000 a day and a sterile nest egg of $1,145,000,000, Mr. Morgenthau has been kept busy borrowing money to buy more...
...longing to have a little golden egg of her own. Such an egg Mr. Kung figured would assist China to stabilize her once all-silver currency in relation to the currencies of the great nations which adhere to gold as a medium for settling balances. Would Mr. Morgenthau take some of China's silver in exchange for gold? Mr. Morgenthau was delighted for he is supposed to buy silver under the Silver Purchase Act of 1934. Some of his useless gold would be put back into use; he would get back some of the money he had spent...
With this neat bit of logic, Secretary of the Treasury Henry Morgenthau Jr. last week opened the great 1937 hunt for rich tax dodgers launched so suddenly by him and Franklin Roosevelt early this month (TIME, June 14). The hunt meet was not in the customary inquisition chamber, the Senate's barnlike caucus room, but in the House Ways & Means Committeeroom, which has much better acoustics, handsome indirect lighting, and comfortable chairs of green-blue leather. On the long bench were little placards identifying the committeemen for the audience. In the centre sat old Representative Bob Doughton of Laurel...
...investigation: to find means of plugging holes in the income tax law, not just to ferret out individual tax dodgers. Chairman Doughton read a short statement saying that none but "those who used flagrant means of tax avoidance'' need be uneasy about the coming inquisition. Secretary Morgenthau in a monotone told the committee that nowadays there are 45,000 tax lawyers and accountants, specialists in saving their clients taxes, that often it is difficult to tell the difference "between tax avoidance which is proper and tax-evasion which is supposed to be immoral" until after a long legal...
...millionaire hunt that foes of the Administration caught the ear of the press with some tax questions of their own. Republican Representative Hamilton Fish went so far as to ask questions about two of his constituents. Did Squire Franklin Delano Roosevelt of Hyde Park,* did Squire Henry Morgenthau of Fishkill, report their gentlemen-farming costs as business expenses in the "unethical" fashion in which other rich men treated racing stables, chicken farms, and yachts? Mrs. Roosevelt took notice of the question raised by Columnist David Lawrence- whether having checks for her radio performances turned over directly to charity...