Word: snyders
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Dates: during 1940-1949
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...since the New York Daily News ghoulishly sneaked a picture of Murderess Ruth Snyder*dying in Sing Sing's electric chair, in 1928, had such a death-house hullabaloo stirred the U.S. press. Chicago's lusty, raucous Herald-American had started it by running a Page One "exclusive photograph" of the electrocution of "Mad Dog Killer" James Morelli, 22, who had killed four men in what crime-loving Hearst newspapers called "the worst Chicago mass killing since the St. Valentine's Day massacre...
Boomtown. Scurry's county seat, the once sleepy little cotton and cattle town of Snyder, had never seen anything like it, either. In the crowded lobby of its dingy Manhattan Hotel, the air hummed with talk of royalties, acreage, porosity. Leases changed hands so fast that new maps of the county had to be issued twice a month (at $15 each). In nine months, Snyder's population had shot up from 3,000 to 15,000. To handle the overflow of schoolchildren, the town bought an empty schoolhouse 175 miles away and hauled it to Snyder...
...biggest news, quite naturally, was made by the man who is supposed to guide the U.S. fiscal policy, Secretary of the Treasury John Wesley Snyder. Said he: "The general economic welfare of the country should be the guiding principle in determining . . . whether the federal budget should be balanced." What he meant was that the U.S. should run a deficit in depression times and pay it off in good times-in other words, balance the budget over a period of years. But if this was the policy, why was the U.S. running a deficit now? John Snyder's answer...
Thus, for all Snyder's talk about periodic balances, this policy of writing blank checks has actually put the budget beyond practical control. Budget Director Frank Pace Jr. admitted as much. Said he: "For any given year, it is unpractical to count on achieving any specific goal, whether it is a balanced budget or a pre-determined surplus or deficit." Such items as crop support, in which the expense cannot be totted "up in advance, "can substantially change the surplus or deficit." In short, neither Snyder nor Pace had any idea when the budget would be balanced...
Despite repeated statements by Secretary of the Treasury John W. Snyder that the U.S. would not raise the official price of gold (TIME, Nov. 14), speculators apparently followed the dictum attributed to Bismarck: "Never believe anything until it has been officially denied." Over the past months, the speculators went right on bidding up the price of gold stocks. Last week, President Truman pricked the speculators' golden bubble. As long as he was President, he said, the price of gold would not be raised. Next day, speculators unloaded 13,900 shares of Homestake Mining, which dropped 3½ points...