Word: trust
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Dates: during 1940-1949
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...difference between Conant and Roosevelt is that Conant has a faith in the judgment of ordinary Americans, while FDR puts his trust in trick devices, trial balloons, evasive phrases, and clever propaganda. The jockeying power of the Administration has been simply terrific. The repeal of the Arms Embargo was pushed through as a measure to avoid war, aided by a "cash and carry" rider. Various other departures from our neutrality were countenanced by those who believed in aid to England short of war, as insurance and defense for this country. At this point Roosevelt advanced the plausible theory that Hitler...
...many as they could. Bases were wanted by the U.S. throughout Latin America and most of the Latin-American republics were willing to make bases available. But Argentina had not yet decided to seize ships. Argentina had not yet decided to yield bases for hemisphere defense. With not much trust in the good intentions of any great power, Germany, Britain or the U.S., Argentina was trying to be neutral in an almost totally unneutral world. Acting President Castillo said so again last week: "Argentina will continue to maintain neutrality in the European war." It was significant that...
...investment trust with $180,000,000 cash to play bank with was forecast last week when Harrison Williams' North American Co. bowed to the Holding Company Act death sentence, announced plans to sell out all its utility holdings and use the proceeds to go into the investment business. This will make far & away the largest pot of capital in the U.S. unregulated by anything except SEC's truth-insecurities and anti-manipulation acts. It will leave North American 18 times as much capital as potent Morgan Stanley...
...switching into an investment trust, North American is following the lead of Floyd Odium's Utilities Power & Light (now Ogden Corp.), which expects to have around $23,000,000 of liquid capital after disposing of its utility stock holdings, and United Corp., which expects to have about...
Treasury Secretary Morgenthau said he was "delighted," denied this meant any letting up in U.S. insistence that Britain use all its assets here before getting free supplies at U.S. expense. Presumably also satisfied was Guaranty Trust Co., which will get $15,000,000 to pay off its Brown & Williamson loan...