Word: vinson
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Petroleum Administrator Harold L. Ickes, who mortally fears a U.S. oil shortage, wanted a boost in crude oil prices in order to spur production. Economic Stabilizer Fred M. Vinson, fearful that this might squeeze about $500,000,000 more from the U.S. consumer, flatly refused. Still Mr. Vinson agreed that the price of oil in many a U.S. field is too low. Last week, OPA came up with its routine solution: a subsidy for the oil industry. Estimated cost per year...
...facts: the message was no hastily okayed product of a Presidential ghost, no result of a sudden fit of Presidential temper. Mr. Roosevelt had been poring over the document for more than a week, weighing its ideas, sifting its language, arguing it with many an adviser. Economic Stabilizer Fred Vinson had strongly favored the veto. But many a White House adviser had argued even more strongly against it. When one of them pointed out that Congressional tempers were already nearly tantrum-taut, the President expressed doubt that there was any use trying to get along with Congress any longer...
...besides their regular salaries). But most of them had spent $250 or more on well-tailored uniforms. The workers fared better. The 15 big non-operating unions (1,100,000 members) got 9-to 11?-an-hour raises, though they had been willing to take 8?. Economic Stabilizer Fred Vinson had turned down 8? as inflationary; now he blandly approved an even higher pay boost. No one heard a murmur about inflation from Judge Vinson...
...John L. Lewis' fight, it was the War Labor Board whose rules were successfully circumvented. In the steel strike, Franklin Roosevelt had again intervened while the issue was before WLB. In the rail crisis, the National Mediation Board, two emergency panels, and Economic Stabilizer Fred Vinson had ceased to be arbiters, now were only appellate courts. Unions big enough to be heard at the White House no longer feared unfavorable decisions at lower levels. Franklin Roosevelt, it appeared, was being his own Secretary of Labor. WLB Chairman William H. Davis commented wistfully...
...week-and one of the biggest pieces of news in all 1943-was that President Roosevelt got tough. At last he stood fast against Labor's demands; at last he solidly backed up the anti-inflation Little Steel formula, held to so stubbornly for months by Stabilizer Fred Vinson and the War Labor Board...