Word: morgenthau
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Dates: during 1930-1939
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Secretary of the Treasury Henry Morgenthau, who doubtless has no higher regard for the legal profession than any other outsider, sent word to the convention of the American Bar Association in Milwaukee last week that he was appointing a special committee to scrutinize the morals of lawyers, accountants and special agents who argue tax cases before the Treasury Bar. He advised the conventionites to oust voluntarily from their association out-&-out crooks, over-sharp connivers and boasters of special influence. To hammer home a point that has made a bad smell in Washington for many a year, he sent...
...upon whom the nervousness of U. S. Business pressed most heavily last week was the President's loyal, earnest Secretary of the Treasury. A gentleman farmer by occupation, no pundit in monetary affairs, Mr. Morgenthau will have to borrow $1,700,000,000 in a skittish market within two months. It was clearly his turn to be reassuring. Flatly he stated that there will be no change in U. S. gold policy, no devaluation of the dollar. And he twitted: "The financiers seem to have taken seriously reports from South Africa, China and Timbuctoo as to what I am going...
...Administration attack on rising prices was being prepared. The President led off by authorizing Secretary of the Treasury Morgenthau to admit imports of livestock feed & forage duty free. Two other procedures were held in reserve: 1) reduction of tariffs on food; 2) use of AAA's power over all food processors, distributors and speculators to keep them from profiteering...
...even if the economic sky should fall. What they did not foresee was that, after the economic sky had fallen, a new generation of New Dealers would want not a pillar of stone but a handy wand with which to reconstruct the sky. Last week Secretary of the Treasury Morgenthau...
Significance. Like the baffled newshawk in Mr. Morgenthau's office, businessmen demanded: "Is this inflation?" Economists promptly gave them an answer: "It is not inflation but it is inflationary." Nobody knew exactly how much silver bullion was in the U. S. last week, but it was estimated at around 200,000,000 oz. When the Government takes this over it will tend to boost the world price for silver just as the price of wheat would tend to rise if the Government locked up 200,000,000 bu. Moreover the citizens who last week owned...