Word: patman
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...Congressman, I've always admired your bold and courageous stance on the issues," was how he introduced Wright Patman of Texas, the country's most vociferous advocate of easy money...
...even the most unscrupulous bookies, whose average "vigorish" (profit margin) is 10%, would blush at New York's 70% lottery rake-off. The fact that state lottery tickets are sold in the marbled halls of New York financial institutions is too much for some people. Texas' Wright Patman, chairman of the House Banking Committee, sponsored a bill to keep federally insured banks from selling such tickets and last week Patman fulminated against Governor Nelson Rockefeller's "lottery racket...
...Xavier Catholic Church near the ranch, the President watched the boy being passed from one relative to another during a picture-taking session, quipped: "This is unconstitutional. It's cruel and inhuman treatment." Afterward, the President and Lady Bird flew to Texarkana for the funeral of Representative Wright Patman's wife, then made a sentimental journey to Lady Bird's birthplace at Karnack, 50 miles to the south...
Normally opposing factions were unanimous last week in praising President Johnson's appointment of 40-year-old Federal Deposit Insurance Director William W. Sherrill to the Federal Reserve Board. Texas Democrat Wright Patman, an easy-money champion, predicted that Sherrill would be a "fine member," and Charls E. Walker, executive vice president of the American Bankers Association, praised the appointee's "competence and integrity...
...with reluctance, made a barebones announcement of the news. Johnson also made a point of including the information that Board Member Charles N. Shepardson, a longtime Martin supporter, will face mandatory retirement when he reaches 70 late this month. Another sour note was struck by Texas Democrat Wright Patman, chairman of the House Banking Committee and an outspoken easy-money advocate. Martin's reappointment, said Patman, will "cause this Administration much sorrow in future years...