Word: pauley
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Dates: during 1940-1949
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...flushing of Big Ed Pauley as a commodities speculator (TIME, Dec. 22) set off one of the most spirited political shoots that Washington has seen in many a year. Pleased with the size and color of its first bird, the Republican-dominated Senate Appropriations Committee began to beat the bushes for more big Administration names...
Profit & Loss. It was Harold Stassen who had put the finger on Ed Pauley. He accused him of being one of several "insiders in the national Administration . . . profiteering in food." That was enough to bring Pauley to the committee's attention...
Something for the Family. Big Ed insisted that he had not been gambling. He had merely taken a wise and legitimate way to "protect my family" against the declining value of the dollar. Was he profiteering in human misery? "Never," cried Pauley. "Making investments is the better way to put it. ... I am a free trader. ... I have been in the market for years-in real estate, rubber, oil, everything in which business judgment could make a profit, in the good old American...
Free-Trader Pauley said he did not think that grain speculation had caused higher food prices-"even though certain loose charges to that effect have been tossed about by some political parties and candidates." Michigan's Senator Homer Ferguson asked blandly if by any chance he meant President Truman? "No," snapped Ed Pauley, "I mean Harold Stassen...
...Pauley, whose 1946 appointment as Under Secretary of the Navy was bounced back to Harry Truman's desk by a Senate committee, disclosed that he had recently tried to make himself acceptable to the right Senators for another sub-Cabinet post. After last week, even his staunchest Democratic friends knew that Ed Pauley was through...