Word: morgenthau
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Dates: during 1930-1939
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Once last summer when businessmen were jittery over Government finances, Secretary of the Treasury Morgenthau declared that the Government's $2,800,000,000 gold "profit" realized on dollar devaluation was "under lock & key." And to end all fear of the sudden emission of $2,800,000,000 of new money, President Roosevelt called the gold profit a "nest egg to be disposed of only in the indefinite future...
When the New Deal arrived in March, 1933, the Farm Board was severely denounced for its unwisdom. Mr. Morgenthau, our present Secretary of the Treasury, as Farm Commissioner, took over the old Farm Board. He said that the thing for the farmers to do was always to market their old crop before growing...
Last week with all the publicity that a U. S. President and two of his Cabinet can drum up, the Treasury launched its drive to distribute government bonds among private investors. In the Oval Room of the White House before floodlights and newsreel cameras Secretary of the Treasury Morgenthau and Postmaster General Farley put on a little act which in thousands of cinemansions throughout the land shows President Roosevelt buying the first "baby bonds." They were the "salesmen"; the President the "prospect...
...Salesman Morgenthau: The Treasury has decided that every citizen should have a chance to buy sound government securities and become a partner in his government. These bonds are issued in denominations as low as $25. . . . The $25 bond will cost you $18.75 today. It grows in value every year, and if you hold it for the full ten years you will increase your investment by one-third...
...Salesman Morgenthau: In case of emergency, the Government will redeem your bond at any time after 60 days from the date of issue...