Word: morgenthau
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Dates: during 1930-1939
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...important work for them to do on Feb. 4. Investors ceased buying and selling securities and the stock markets all but stood still, waiting for Feb. 4. The Securities Exchange Commission prepared to close all markets to prevent violent fluctuations of prices on Feb. 4. Attorney General Cummings, Secretary Morgenthau and President Roosevelt conferred earnestly and secretly, concerted what measures they should take to meet any contingencies that might arise on Feb. 4. Headlines blared the news of this tense situation-the news that on Feb. 4 the Supreme Court was likely to announce its' decision on the momentous...
Walking along Washington's 24th Street at dusk, Secretary of the Treasury Henry Morgenthau came to a steep, icy hill. At the top of the hill stood his young daughter Joan with a long bobsled. Mr. Morgenthau threw himself flat on the sled. Joan climbed on his back. Down the hill they sped, to stop in front of the Czechoslovakia!! Legation. Secretary Morgenthau & daughter trudged up the hill, zipped down again, coasted until dinner time...
Secretary Morgenthau expects to raise hundreds of millions through loyal post-masters. His good friend Tom K. Smith, head of Boatmen's National Bank of St. Louis and a vice president of the American Bankers Association, informed him that there was "great interest" throughout the land. But many another banker was less sanguine. Small investors have not seen a discount security since the days of War-Savings stamps. Most private investors want their interest regularly. Instead, they will soon be asked to buy a $100 Government bond for, say, $76. The interest, compounded, will be paid at maturity...
That legal exercise was prompted by the fact that under the old law the Treasury could not replace with new issues some $12,000,000,000 of Government bonds that have been retired or refunded since 1917. And while Secretary of the Treasury Morgenthau still had more than $8,000,000,000 to go before reaching the limit on short-term issues, his leeway on long-term bonds was only...
...units as low as $25 will be sold through post-offices or "otherwise," in a grand drive to place some of the Government's towering debt in the hands of bona fide investors instead of in commercial banks. Appropriate fanfare is planned for March 1 when Secretary Morgenthau will sell to President Roosevelt Baby Bond...