Word: walls
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Dates: during 1930-1939
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...power to revalue the dollar by getting Key Pittman's silver bloc to join them -the price being 77.57? an oz. for domestic silver. In Hyde Park, President Roosevelt hit the ceiling. He accused the hard-money men of returning control of the U. S. dollar to Wall Street's exchange speculators. Secretary Morgenthau announced that U. S. farmers and businessmen had "better start worrying seriously" if the Senate's action stood. Neither announcement improved the Senate's temper. The President returned to Washington from Hyde Park a day early to lead the money fight...
First indication of the change came soon after the Wall Street Crash, when Pub lisher Patterson walked into the city room and announced: "We're off on the wrong foot. The people's major interest is in how they're going to eat." On March 6, 1933 the News announced: "This newspaper now pledges itself to support the policies of President Franklin D. Roosevelt for a period of at least one year." Not only did the News support the New Deal, but it devoted itself wholeheartedly to selling it to the people. Joe Patterson became...
...Tidal Wave (Republic). To frighten Good-Government voters away from the polls, a political machine fakes a terrifying television broadcast of an earthquake and tidal wave which topples Manhattan's Empire State Building, beaches a Leviathan in Wall Street, wipes Grand Central off the timetables. But it doesn't work...
...orthodox economics back to Berlin. It has a highly lucrative and increasingly important sideline in helping frightened European capitalists put their money into good safe American dollars. On the receiving end of this flood of gold from Europe is Lazard Freres of Manhattan, not entirely Aryan, not a Wall Street insider, still correspondent (but no longer a partner) of the highly political London and Paris Lazard banks. Lazard's of Manhattan underwrites securities and, above all, does a big business in foreign exchange. Invaluable to this clearing house of news, bullion and foreign capital will be Jeidels...
...appearance as chairman of SEC, at the maiden dinner of Manhattan's Association of Customers' Brokers, at which bigwig brokers like Carle Conway and Paul Shields were much more in evidence than customers' men. Chairman Frank seized the occasion to issue, not an SEC blast against Wall Street, but a solemn warning and appeal for cooperation...