Word: morgenthau
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Great Britain will not have to liquidate any more of its U.S. holdings to pay for war materials. This was the final decision reached last week in the long fight between Federal Loan Administrator Jesse Jones (who did not want liquidation) and Secretary of the Treasury Henry Morgenthau...
...Viscose sale) but an end to the depressing effect British liquidation has had on U.S. securities markets. To Jesse Jones, who henceforth will hold the paper of Britain's firms in the U.S., it meant a lot of interesting new companies in his private empire. But to the Morgenthau theory that Britain should cut loose all U.S. holdings as a token of good faith before accepting Lend-Lease aid, the deal apparently wrote finis...
Treasury Secretary Morgenthau left Washington on a ten-day fishing trip last week with a light heart. He had at last found an effective way to sell large amounts of defense bonds to the general public, thus straighten the worst kink in his three-month-old savings-bond drive...
...uphold the Treasury's hoped-for ratio of 1-to-2 between money borrowed and money collected by taxation, Secretary Henry Morgenthau said there might have to be a new tax bill in the next few months. To the Ways and Means Committee, which had just finished sweating over preliminaries for one new bill which adds $3,503,400,000 to the U.S. tax burden (TIME, June 30 et seq.), wringing another $10,000,000,000 out of the U.S. taxpayer seemed an obvious impossibility...
...Norman goes, the move may have important effect on liquidation of British assets in the U.S., may finally resolve the behind-scenes Washington fight between Secretary of the Treasury Henry Morgenthau Jr. and Federal Loan Administrator Jesse Jones. Morgenthau has insisted that all British holdings be sold to help pay for U.S. aid-to-Britain. T. J. Carlyle Gifford, sent here by the British Treasury to liquidate listed securities, has done his best to comply. But Sir Edward Peacock, a Norman man sent here to dispose of British investments in privately owned U.S. corporations, has enlisted Jesse Jones...