Word: morgenthau
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Dates: during 1930-1939
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With a "meager" $566,000,000 Treasury balance disappearing at the rate of $30,000,000 a day, Secretary Morgenthau spent 45 minutes talking with President Roosevelt at the White House. Next day, to U. S. investors the Government offered $1,000,000,000 in short term securities: $500,000,000 of 2½%. Treasury Notes maturing in 13½ months, $500,000,000 of 1½% Certificates maturing in 7½ months. It was the biggest piece of new financing ever attempted by the Treasury in time of peace, but it represented only one sixth of the new money...
This 5-to-1 oversubscription of a big Treasury loan was the last big job of Secretary Morgenthau's assistant, Earle Bailie, who had had to resign because of his Wall Street connections. Next day Mr. Bailie complacently packed his bags to leave Washington. Marriner Stoddard Eccles, big Mormon banker of Ogden, Utah arrived four days later as a special Treasury assistant, bringing his Leftwing-ish ideas of debt cancellation and high income and inheritance taxes. Secretary Morgenthau, asked what Mr. Eccles' job would be, replied, "I don't know yet." Asked what man would succeed...
Almost ready for the House last week was a new revenue bill to collect upwards of $200,000,000 in additional taxes. Secretary of the Treasury Morgenthau and the Ways & Means Committee spent long hours together putting the final touches to its provisions. As drawn the new rates will first apply to 1934 income. Prime provisions of the bill...
Married. Alma Morgenthau Wertheim, daughter of onetime U. S. Ambassador to Turkey Henry ("Uncle Henry") Morgenthau, sister of Secretary of the Treasury Henry Morgenthau Jr.; and Paul Lester Wiener, Manhattan architect; in Manhattan...
...Horace Greeley, who after the Civil War used it to combat his friend's opinions on reconstruction problems as well as to advise farmers what to feed their pigs. From 1883, when Long Island real estate speculations forced Orange Judd to sell his interest, until 1922, when Henry Morgenthau Jr. bought it, the Agriculturist went slowly to seed. Owner Morgenthau's Editor Edward Roe Eastman doubled its circulation, now 161,145. Last May the Agriculturist, beneath its masthead of cows, a tractor, an orchard and a silo, was the first U. S. paper to make a practice...