Word: pittman
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Time & again last week Chairman Key Pittman postponed a showdown in his Senate Foreign Relations Committee on the biggest question this Congress has had before it: The Neutrality law, the rules of behavior for the President of the U. S. should war break out abroad. The House had sent up the Bloom bill putting half a halter on the President, obliging him to embargo U. S. "arms & ammunition" (but not other material such as planes, motors, trucks, oil, cotton) to belligerents (TIME, July 10). Reason Senator Pittman delayed seemed to be that he was not at all sure of being...
...Silver Senators demanded as high as $1.29. The Administration ascertained that 70.95? was a rock-bottom price for which enough silverites would desert their hard-money allies. It was crude barter by both sides, but it worked. The bill finally passed 43-39 with Senators Borah, Pittman and O'Mahoney leading seven silverite sellouts, setting the price of silver...
Last fortnight the Senate's hard-money men led by Virginia's Carter Glass killed the section of the bill renewing the President's power to revalue the dollar by getting Key Pittman's silver bloc to join them -the price being 77.57? an oz. for domestic silver. In Hyde Park, President Roosevelt hit the ceiling. He accused the hard-money men of returning control of the U. S. dollar to Wall Street's exchange speculators. Secretary Morgenthau announced that U. S. farmers and businessmen had "better start worrying seriously" if the Senate...
...Senator Pittman's blackjack was potent. The harassed Senate compromised by voting back the 1937 silver price for domestic silver, barring further purchases of foreign silver (from China and Mexico). More surprising, it gave Senator Glass his victory, voted 47-to-31 to end the President's power to pare the dollar. But it gave new life to the stabilization fund, essential for U. S. participation in steadying foreign exchange with England and France...
Neutrality promised to delay adjournment more than any other subject, and in this fight Filibusterer Pittman. chairman of the Foreign Relations Committee, was cast for another leading role. Last fortnight the House received from acting chairman Sol Bloom of the Foreign Affairs Committee, prognathous hero of the reception to King George & Queen Elizabeth, a bill drafted in accordance with Franklin Roosevelt's and Cordell Hull's desire for a free hand in case of war abroad. Under it, embargoes of war material would no longer be mandatory. The President would have broad discretion to regulate U. S. exports...