Word: trumanism
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Dates: during 1960-1969
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Passionate Conviction. Down in In dependence, Mo., Harry Truman, 82 years old, waning in strength but still attentive to the nation's problems, watched the situation with growing alarm. A lifelong "easy money" man, Truman recalled his bitter struggle with the Federal Reserve Board to keep interest rates down during the Korean War. Moreover, he believes with a conviction bordering on passion that Government bonds, as the symbol of Washington's good faith, should never be allowed to sell under par-and he saw them plummeting far below par as investors sought higher interest rates elsewhere. When major...
...three days, he worked on his 500-word statement, first setting down his ideas in handwritten notes and then editing them with assistance from David Noyes, a longtime confidant. When it was done, Noyes issued mimeographed copies to newsmen at Kansas City's Muehlebach Hotel. Truman, still confined to his home after a recent illness, stayed away from the press conference. After his statement was issued, thousands of telegrams and phone calls poured into Independence from all over the U.S., almost unanimously praising his stand. In Washington, both House Speaker John McCormack and Republican Minority Leader Gerald Ford applauded...
Cautious & Stubborn. Johnson, a determined but cautious man. was galvanized into action by Truman, a stubborn man. But Johnson now faces the formidable task of getting any new fis cal measures through a man who is determined, cautious and stubborn. He is Wilbur Mills, chairman of the House Ways and Means Committee, whose power is such that he virtually single handed held up a much-wanted tax cut during the Kennedy Administration. Chairman Mills has bluntly told the White House that he will do his best to block any congressional action on taxation this year, and that he rejects...
...Johnson is to get any economy-steadying measure through Congress, it may have to be at the price of some of his cherished Great Society programs. That is a hard decision for Johnson to make, but this time he will have to face up to it without delay. Harry Truman struck a chord of urgency in the nation when he asked for quick action to loosen money...
Died. J. Howard McGrath, 62, Democratic politician, a wealthy New England real estate man who was thrice elected Governor of Rhode Island ('40, '42, '44), then served under the aegis of Good Friend Harry S. Truman as U.S. Solicitor General, U.S. Senator, Democratic National Chairman and, finally, from 1949 to 1952, Attorney General; of a heart attack; in Narragansett, R.I. McGrath's political demise came when Truman ordered him to look into cor ruption in government and McGrath hired Liberal Republican Newbold Morris as a special investigator; Morris began by investigating McGrath, which so enraged...