Word: whites
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Dates: during 1930-1939
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Without prior notice to any of his Congress leaders, Mr. Roosevelt suddenly produced from his magical hat the long-awaited Great White Rabbit of 1939. It was a revolving, self-liquidating rabbit and Mr. Roosevelt put its life at a maximum seven years, its first-year size at $870,000,000, ultimate size $3,860,000,000. Rather than rob WPA to pay PWA said he, let Congress empower the following agencies to lend (NOT spend) the following sums on the following projects, which would pay for themselves in the end, interest payments meantime causing the funds to revolve...
...White House Mr. Roosevelt summoned the Congressional and administrative figures chiefly involved, to exhort quick action. He made known that he wished all new Federal securities issued to supply the $3,860,000,000 to be nonexempt from taxes. He then left Congress and the nation to cogitate the implications of the 1939 rabbit, by all odds his largest since...
Taxation was the one big subject on which all agreed. Three days after the House had passed its measure with but one dissenting vote, easing corporate income taxes and removing business "irritants" (TIME, June 26), the Senate passed the measure unanimously, shot it to the White House, leaving President Roosevelt one week in which to preserve the excise tax structure expiring June...
...water tastes like soap, but that King George & Queen Elizabeth like it anyway, Philadelphia Chemist LeRoy Drew Betz procured a sample from his London agents. Chemist Betz then duplicated its color, hardness, chemical content, using as a base distilled water from the Schuylkill, sent 25 gallons to the White House ("purely as a gesture of patriotism and a possible means of increasing the comfort of the visiting monarchs...
During his four years in the White House the U. S.'s greatest ex-Secretary of Commerce, Herbert Hoover, used to announce at regular intervals that business was getting better. Not yet quite so famous are the announcements of another H. H., Secretary of Commerce Harry Hopkins, business-appeaser emeritus. Mr. Hopkins last week issued another H. H. announcement to spread a little recovery cheer, noting an end-of-May "pickup in activity": increases in auto sales and in post-strike coal activity...