Word: morgenthau
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Dates: during 1930-1939
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...purpose: to be present at the 80th birthday of the matriarch of the clan, Sara Delano Roosevelt. At the birthday luncheon, from her seat beside her only child, she could see all her five grandchildren, three of her great grandchildren. Mr. & Mrs. Norman Hezekiah Davis, Mr. & Mrs. Henry Morgenthau Sr., Col. & Mrs. Edward Mandell House were also on hand to wish the smiling dowager happy birthday. The President presented her with a fur motor robe, proposed a toast and was given the first frosty wedge cut by his mother from her double-decker cake...
...Coast Guard boat on ice patrol could take her from Greenland to the U. S. The State Department, knowing full well that the ice patrol ended in August, presented her request to the Treasury. No man to refuse his country's only woman Minister is Secretary Morgenthau. The Champlain, fastest patrol boat on the New Jersey coast, was ordered to take on an oceanographer, proceed to Greenland on a "scientific cruise," get back as fast as it could. But the Champlain could not get back in time to answer the SOS of the liner Morro Castle, save Madam Minister...
...impressed with this suggestion was Secretary Morgenthau that he promptly ordered Mr. Law's speech released to the Press. President Roosevelt, too, seemed impressed. At Hyde Park he told newshawks of two cases within his personal knowledge which seemed to justify the criticism against bank examinations...
...Chairman Jesse Jones finally admitted that banks were doing their part in lending to business. Secretary of the Treasury Morgenthau sent a platoon of professors into the Chicago Federal Reserve district to find out who was holding up credit expansion. But not until last week did it occur to anyone in Washington to look for the Administration's pet banking villain right inside the Treasury. At a Washington conference of national bank examiners President Francis Marion Law of the American Bankers Association politely suggested that perhaps the periodic examinations were so strict that bankers feared to do anything except...
...when financial responsibility was diffused ... to trim the sails of fiscal policy to political winds; to market the huge loans which constituted the chief reliance of an improvident Gov ernment." For all the years between them those words about Secretary Chase may well have a familiar ring to Secretary Morgenthau...