Word: morgenthau
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Dates: during 1940-1949
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...Henry Morgenthau, stewing and fretting in Washington, with figures spinning in his brain like migraine spots, must have cast many a longing thought toward his 2,400 icy acres. Two thousand four hundred is a good, round, friendly number: big enough to be impressive, small enough to be comprehensible, easy to remember, subdivide, add to and even forget at bedtime. No man ever yet was hauled to a padded cell for trying to imagine what 2,400 of anything would look like, even coated with...
...Must Be Done. The President's budget message had laid down a fabulous task for Morgenthau. The U.S. planned to spend or lend $109,000,000,000 in the next fiscal year: the Treasury Secretary would have to get the money somewhere. He could borrow some of it, and that was easy: the U.S. was still rich in money and there was almost no place for it to go but Government securities. But the President wanted $51,000,000,000 raised without borrowing-and that was a job for a fiscal Hercules...
...revenue (plus the $35,000,000,000 which present taxes will produce), from a citizenry which is just now learning what the 5% victory tax does to paychecks and will yelp with pain at the income taxes due in March. It meant compulsory savings, which sensitive Henry Morgenthau considers unAmerican. It might even mean sales taxes, which social-minded Henry Morgenthau hates even to talk about. It meant, in short, that the unhappy Secretary would have to find some way of wheedling, squeezing, talking or forcing into the Treasury an amount that is 1) one and a half times...
...Does It. Henry Morgenthau is no coward: it has taken a brave man to hold his job for nine years. In that time he has been subjected to enough criticism, needling and downright insults to drive an ordinary man to distraction. He cannot get along with Congress. Most of the men he brought in to help him at the Treasury have refused to go along with his policies. He is disliked by most New Dealers (who regard him as a budget-balancer at heart) and practically all conservatives (who think his tax policies are shot through with social theory...
...Morgenthau has an unhappy facility for making enemies. He looks easy to like: he is tall, lanky, stooped, diffident, his expensive ties are always badly knotted...