Word: morgenthau
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Dates: during 1930-1939
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First witness heard was Secretary of the Treasury Morgenthau. He contributed the information that: 1) various alternative tax schedules (not made public) might yield anywhere from $118,000,000 to $901,500,000; 2) "the only sound procedure is that the revenue derived from these new taxes shall be regarded as very definitely earmarked for reducing future borrowing and paying off the public debt...
...selling his Federal securities on the market (last week Governments were up to 117) than by demanding par value from the Treasury. The offer is to expire Sept. 1 "unless extended from time to time by the Secretary of the Treasury." If Government bonds start to slump, Secretary Morgenthau can be counted on not to extend it. Thus the offer will doubtless remain what it was meant to be, a solemn though meaningless gesture of U. S. good faith...
...story of an unhappy bride's enthusiastic responses to a strange young man who meets her when she is enjoying a nude swim, seduces her in a nearby cabin. Extase, brought to the U. S. last November, was excluded under the Tariff Act by Secretary of the Treasury Morgenthau after Mrs. Morgenthau had joined Government officials in inspecting it at a private showing (TIME, Jan. 14). Last week's trial in Manhattan was to determine whether Federal authorities had a right to confiscate and destroy the film. Said U. S. District Judge John C. Knox, charging the jury...
Divorced. Maurice Wertheim, Manhattan banker, Theatre Guild cofounder, new owner of The Nation (TIME, May 6), divorced husband of Alma Morgenthau Wiener (sister of the Secretary of the Treasury); by Mrs. Ruth White Warfield Wertheim; in Reno. Same day she married Alexander Smallens, Russian-born orchestra conductor...
...Last autumn Secretary of the Treasury Morgenthau charged Publisher Bowles with hoarding $94,860 in gold. The publisher contended that the gold was in escrow, with the Government's knowledge, to pay for newsprint imported from Finland. Last month the Treasury settled the case, had the charge dismissed...