Word: stoddard
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...plan to tinker with the price of gold, that all he knew about it was what he saw in the newspapers. He said he understood the story originated in the foreign press. Nevertheless, suspicion remained that the great gold scare had been founded on more than fantasy. Chairman Marriner Stoddard Eccles of the Federal Reserve Board in his recent FORTUNE article on how to control booms & depressions listed manipulations of gold prices as a likely tool...
...President Roosevelt talk about prices during the early years of the New Deal. In those days the gist of his press conference remarks was that prices were entirely too low. Last week after prefacing pronouncements from two of his most trusted ministers, Secretary of Agriculture Wallace and Chairman Marriner Stoddard Eccles of the Federal Reserve Board (TIME, March 29), President Roosevelt declared that prices-at least of certain durable goods-were entirely too high. As a corrective the Government would drop its hitherto basic policy of stimulating heavy industry, direct its spending toward consumer industries...
When Franklin D. Roosevelt moved into the White House in 1933, Marriner Stoddard Eccles was a Republican banker in Ogden, Utah with a reputation for success and a hatful of original ideas. Not until 1934 did the lean, intense young Mormon go to Washington to dig in as an assistant to the Secretary of the Treasury. Within a year, to the vast consternation of his fellow Eastern bankers, Mr. Eccles was head of the Federal Reserve Board and writing his novel notions into the law of the land. He was not only committed to a strong central banking authority which...
...observation in his fireside talk that "the dangers of 1929 are again becoming possible, not this week or month but within a year or two." The other signal was that the last official caller at the White House before the President packed up for his vacation was Chairman Marriner Stoddard Eccles of the Federal Reserve Board. More than any other official, Mr. Eccles is charged with the job of preventing the New Deal's "controlled" reflation from becoming just plain inflation. Mr. Eccles admitted that he discussed prices with the President, and when anyone discusses prices today...
Meantime in Washington the men responsible for this predicament were busy with plans to make the game, if anything, even more complicated. Called for this week was a conference between Secretary of the Treasury Morgenthau, Chairman James McCauley Landis of SEC and Chairman Marriner Stoddard Eccles of the Federal Reserve Board to study ways & means of discouraging investment of foreign funds in the U. S. With its gold sterilization program (TIME, Jan. 4), the Treasury is now keeping the incoming metal from inflating the credit base. But the huge volume of investments is itself a threat to U. S. stability...