Word: wrights
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Dates: during 1950-1959
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...American Bankers Association and such experts as Allan Sproul, retired president of the Federal Reserve Bank of New York, have recently called for a study. A month ago an advisory panel of bankers and economists to the Senate Banking Committee backed the idea. Last week Texas Representative Wright Patman introduced a resolution into Congress calling for a sweeping look at the whole credit problem. ∙ The basic question is whether drastic changes should be made in the methods used by FRB to control credit to match the drastic changes that have taken place over the years in the U.S. financial...
...architecture, Jarrell found it flourishing. "Even colleges have stopped rebuilding the cathedrals of Europe on their campuses; and a mansion is what it is, not because a millionaire has dreamed of the Alhambra, but because an architect has dreamed of the marriage of Frank Lloyd Wright and a silo . . . The public that lives in the houses our architects design ... is a broadminded, tolerant, adventurous public, one that has triumphed over inherited prejudice to an astonishing degree. You can put a spherical plastic gas tower on aluminum stilts, divide it into rooms, and quite a few people will be willing...
...opening rounds were fired last week in what may become the great political battle of the second Eisenhower Administration. Principal opponents ranged against each other across a highly polished table in a Capitol hearing room: Texas' Democratic Representative Wright Patman, chairman of a joint congressional subcommittee on economic stabilization, and Federal Reserve Board Chairman William McChesney Martin. Their general subject: inflation. The specific issue: tight money v. easy money in U.S. economic policy...
...Wright Patman, nursing (as the Christian Science Monitor noted) "an old-fashioned Populist's suspicion of Eastern bankers," unloosed the first salvo. Opening a subcommittee inquiry into U.S. monetary policy, Patman explained that the hearings were justified by "the danger that the tight money policy may wreck the economy." He attacked the Federal Reserve Board for raising its discount rate (i.e., the fee charged by the Federal Reserve system on loans to member banks) from i^% to 3% over the last 20 months (TIME, Sept. 10). By thus restricting credit, rumbled Patman, the Federal Reserve Board has driven farmers...
...newest and biggest prize in art reached the finals. Nineteen national and international juries had selected 95 works from 19 countries to vie for the $10,000 grand prize, established this year by Manhattan's multimillion-dollar Solomon R. Guggenheim Foundation, whose new $3,000,000, Frank Lloyd Wright-designed museum is now going up on Manhattan's upper Fifth Avenue...