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...Senate is used to the silver situation, not to say bored by it. Yet last week a Senatorial Lone Ranger once more took the trail of the wild-riding, hell-for-leather Silver Bloc, grimly determined to stop the Treasury raids. Ordinarily, big, easygoing Senator John Gillis Townsend of Delaware is no Lone Ranger. Gregarious John Townsend, whose head looks like a snowball bush in full bloom, is solidly Republican, completely acceptable to Delaware's Du Pont dynasty. Annually he 1) presents gallery newsmen and the Senate with all the sweet-tart spring strawberries they can eat, 2) gets...

Author: /time Magazine | Title: National Affairs: Hi-Yo, Silver! | 3/11/1940 | See Source »

...early 1939, John Townsend had had enough of silver. An economical man, it annoyed him to think that the amount spent in five years' silver subsidy would run the executive, judicial & legislative branches of the U. S. Government for 25 years; that the average monthly outlay ($17,700,000) would run SEC or the Government Printing Office for over four and a half years; the Weather Bureau for three and a half years; the Public Health Service one year...

Author: /time Magazine | Title: National Affairs: Hi-Yo, Silver! | 3/11/1940 | See Source »

Greatest weakness of the subsidy program was the fact that 82% of all silver bought by the U. S. had come from overseas. In order to get their subsidy, the silver producers were willing that the U. S. squander indiscriminately abroad. Ranger Townsend rode through this weak point in the stockade, unloosed both barrels with a bill to end foreign silver purchases...

Author: /time Magazine | Title: National Affairs: Hi-Yo, Silver! | 3/11/1940 | See Source »

That bill died of Senatorial indifference. Last month Ranger Townsend resurrected it, set off, sky-hooting down the trail. Fortnight ago a new posse joined him-the twelve regional big-shot bankers of the Federal Advisory Council, adjunct of the Federal Reserve System, who announced in a unanimous yell: ". . . Purchases of foreign silver should be discontinued forthwith...

Author: /time Magazine | Title: National Affairs: Hi-Yo, Silver! | 3/11/1940 | See Source »

Wrinkled, doggy, 74-year-old Townsend Scudder, retired New York State Supreme Court Justice, won a Connecticut State Supreme Court injunction allowing him to maintain 27 cocker spaniels on his Round Hill, Greenwich, Conn, estate. Thus ended a litigious two years in which neighbors, annoyed by barking, had sought to hold Judge Scudder down to a measly ten spaniels...

Author: /time Magazine | Title: People, Dec. 25, 1939 | 12/25/1939 | See Source »

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