Word: vinson
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...Court. To be the 13th Chief Justice of the U.S. he chose Frederick Moore Vinson, 56, the old friend and versatile Kentuckian who had ably managed the Office of War Mobilization and Reconversion and been Treasury Secretary for eleven months...
...explanation by Secretary of the Treasury Vinson, of why paying the public debt will be no burden to U.S. taxpayers: "You lend to yourself, borrow from yourself, you pay interest to yourself on the money you borrowed from yourself, but which you yourself still have. To pay it back, merely take it from yourself and pay it to yourself...
...first time in history, the U.S. was getting ready to lower the ceiling on its national debt. With the blessing of Treasury Secretary Fred Vinson, the Senate Finance Committee sent up a bill to reduce the limit from $300 to $275 billion.* Crowed billion-pinching Senator Harry Byrd, watchdog of U.S. finances: "A concrete step toward the end of deficit financing...
...Treasury Secretary Fred Vinson has long fought any change in the Government's inflationary policies in general, the preferential discount rate in particular. He feared that a change would pull one of the props out of the Government bond market and raise the short-term cost of Government financing. The Federal Reserve Board convinced him that it would not (although prices of Government bonds dropped last week). So, in effect, the board has finally taken a small step towards shaping its policies for the needs of peace...
...Republocrat line: Senators Josiah Bailey (North Carolina), Harry F. Byrd (Virginia), Peter G. Gerry (Rhode Island), Pat McCarran (Nevada), W. Lee O'Daniel (Texas), David I. Walsh (Massachusetts) ; Representatives Fritz Lanham (Texas), Carter Manasco (Alabama), John Rankin (Mississippi), Howard Smith (Virginia), Hatton W. Sumners (Texas), Carl Vinson (Georgia...