Word: richberg
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Dates: during 1930-1939
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...mind. Why we have discovered that the medical profession is worse than the Morgans who never thought of such a diabolical scheme. Is the next Long-Coughlin-Johnson battle going to be waged over Harvard University? We hope so, we have written them all about it and Mr. Richberg for good measure. To think that Harvard has a real chocolate soldier with an underslung vocabulary...
...bonus and inflationary groups in the House have apparently sent the presidential weathervane spinning to the left. Roosevelt hinted in yesterday's press conference that the price level is not yet sufficiently "high," the obvious implication being that more currency tinkering is being considered. Yet a few days ago Richberg assured a Boston audience "that there will be no inflation while Franklin D. Roosevelt is President." At the time the less gullible took this statement with a grain of salt, realizing that the Treasury wanted to float an extensive new bond issue. They further wondered if he knew what...
...bonus and inflationary groups were displeased by Richberg's assurance. To pacify them, the President lots it be understood that he is still playing with inflationary ideas, thus vitiating the effect of Richberg's speech. Now it is the business community's turn to be displeased, and lose confidence, with the consequent decline in price of U. S. bonds...
...Richberg, in his recent Boston speech, reflected the attitude of New Dealers which is most persistent and most absurd. In effect he said, "We have done all we can to help industry. While it was on its back, we filled its place by hiring millions. When destructive competition threatened, we stepped in and fixed prices and wages, thus helping industry last through its troubles. When banks were weak, we lent money to them, we bought their assets, we guaranteed their deposits. But we cannot do this forever. Now is the time for private industry and banks to take the burden...
...ever occur to Mr. Richberg, Mr. Jones, and President Roosevelt that the cause of the timidity of private industry and private banks lies in the policies of the government. Men of business, whether they be lenders or borrowers, do take reasonable risks. Their whole activity is the taking of reasonable risks. The fact of the matter is, that owing to New Deal policies and to the unreliability of the President, and despite Mr. Richberg's promises to the contrary, to the serious threat of inflation the present risks are not considered reasonable. Since business men think the risks are unreasonable...