Word: morgenthau
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Dates: during 1940-1949
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...members of Congress. Out here where we like to think things through instead of becoming hysterical, the members of Congress look as good to us or better than the members of the packed Supreme Court or the screwballs making up the "New Deal" administration-e.g., Harold Ickes, Henry Morgenthau Jr. and the like...
Biggest hump ahead was the personal income-tax rate. Still under consideration was Secretary Morgenthau's newest proposal: to have all who file a return pay a $5 head tax. The sales tax was asleep under an anesthetic that might wear off at any moment. Latest anesthetist was Price Boss Leon Henderson, who argued that the heaviest burden of a sales tax would fall on "persons whose standard of living is already below safe levels." But, while no one wanted to wreak injury on the very lowest income group, most New Dealers now argued that a sales...
...lonely, stubborn champion of "volun-tary" war bond sales, Henry Morgenthau last week saw ominous clouds of opposition gathering. Marriner Eccles of the Federal Reserve, Harold Smith of the Budget Bureau, Leon Henderson of OPA had ganged up against him, to champion forced savings. So Henry the Morgue pondered his own dozen schemes for raising money the voluntary way and took stock of results to date. In the twelve months to the end of April, the Federal debt had increased $17 billions. That was a fair measure of Henry's success in selling Treasury securities. Only...
...then, were painted yellow by vigilantes. Citizens were free to buy voluntarily-provided they bought. Said Historians Charles and Mary Beard: "Whoever refused to answer the call was liable to be blacklisted by his neighbors or associates and enrolled in the Doom Book in the Department of Justice." Henry Morgenthau was not for this kind of "voluntarism"-in a nation fighting for freedom, he still shied away from candid compulsion. And he was as yet unwilling to admit that truly voluntary sales will not suffice...
...Because Congress' pork-barrel price for domestic silver (71.11? an oz. v. 35⅛? for foreign metal) keeps it out of the industrial market, Manhattan Silver Dealers Handy & Harman had to prorate their customers. Yet Silver Senators last week were after Henry Morgenthau's scalp for trying to repeal the Silver Purchase...