Word: morgenthau
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Dates: during 1930-1939
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Such were the ominous words of Hugh Johnson last week. They reflected the worry of many a politician in Washington: the expectation that revenues for fiscal 1937 would fall $300,000,000 to $500,000,000 below estimates, the fact that Secretary Morgenthau found it necessary to resume borrowing, beginning with the sale of $50,000,000 worth of short-term bills this week. In the Senate, Majority Leader Joseph T. Robinson spoke out almost as pessimistically as Hugh Johnson...
...rumor, it would not be downed. Repeated denials emanated from "high Treasury officials." At his mid-week press conference President Roosevelt said he had given no thought to a reduction in the gold price or to any other device for shutting off the gold inflow. Secretary of the Treasury Morgenthau also tried to down the rumor but only made it worse by replying to a direct query on whether a change was contemplated: "Not right...
...maintain, for example, there is every reason to expect that in the next few weeks the rate of finished and unfinished steel production will be far exceeded, proportionally, by the amount of finished and unfinished balderdash emanating from the President and such alter-egoes as Mr. Eccles and Mr. Morgenthau...
...Morgenthau showed his close sympathy with Blum, however, by remarking to Washington correspondents: "So far as putting ten $100 bills in an envelope and sending the money to France for investment is concerned, there is no way to stop that." As $1,000 is 21,000 francs this was big news to Blum and even to Republican Senator Hiram W. Johnson, author of the Act. "The law is perfectly plain!" snapped the Senator. "It is unspeakable that any American or any official of the Government should seek to evade...
Secretary of the Treasury Henry Morgenthau Jr. refused the request of twelve-year-old Calvin Kuiper of Sheboygan, Wis. for "a few gold bars" to melt up for toy soldiers...