Word: pauley
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Last week, the Senate Appropriations Committee hauled in a real, live, big-time speculator and put him under its klieg lights. Who was he? None other than Edwin Wendell Pauley, the rich California oilman, the moneybags of the Democratic National Committee, great & good friend of Harry Truman...
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...
...Washington heard rumors that Harry Truman might be grooming Ed Pauley to take the place of Secretary Royall, who wants to run for Governor of North Carolina. In that case, another fight was brewing...