Word: woodin
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...first photograph of the President and his Cabinet, taken some two months ago, was tardily released last week just before it became obsolete. Pictured at President Roosevelt's left was beaming little William Woodin in cloth- topped high laced shoes. On New Year's Day the President with "great sorrow" accepted Secretary of the Treasury Woodin's second offer to resign his post. Near Tucson, Ariz., where none but his immediate family was admitted to his bedside, Mr. Woodin's throat ailment (reputedly cancer) had not sufficiently improved, he thought, to warrant a continuation...
Back in 1930, four men contributed $10,000 apiece to Franklin Roosevelt's campaign fund. They were Jesse Isidor Straus, William Woodin, Col. Edward Mandell House and Frank Comerford Walker. Mr. Straus has been made Ambassador to France. Mr. Woodin was appointed Secretary of the Treasury. Col. House, who could not stand Washington's summer heat even when Woodrow Wilson was in the White House, wanted no job for his contribution to the Roosevelt war chest. Neither, according to report, did rich, affable, unassuming Manhattan Lawyer Frank Walker, Anaconda Copper's lawyer. But because Mr. Walker...
Fearful lest a declining dollar damage the bond market on which the Government counts heavily to finance the New Deal, vacationing Secretary of the Treasury Woodin piped: "I must seriously criticize Dr. Sprague for the assertion he practically makes that the U. S. Treasury is placed in a position where it must borrow several billion dollars from the people on bad securities. In any way to suggest that U. S. Government bonds are or can be or will be in any sense bad securities is not only a reflection on the wealth and integrity of this country and its people...
...Woodin's rebuttal did not prevent three of the Government's 14 active long-term issues from touching new lows for the year. Eight sold below par. By this time the anti-inflationist battle lines had been drawn. The alignment was vociferous, widespread but disorganized. The hard moneymen were no more articulate about what they were struggling for than the President's reticent financial advisers. What they were fighting against, however, was plain...
Within the last week there have been two ominous indications of a weakening on the part of the Administration in its attitude toward the Securities Act. In a statement to Dow, Jones, and Co. in New York, Secretary-on-leave Woodin assured Wall-Streeters that the government was not aiming at "recovery without profits." Further music to moneyed ears was the proposition advanced in his Boston speech by budget-balancer Douglas that recovery necessitates "a free flow of capital into legitimate business enterprises." Both were generally interpreted as indirect assurances to the recalcitrant banking world that Santa Claus will probably...