Word: foe
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...revealed. A report was made by the sub-committee of the Senate Committee on Banking & Currency which began a dignified investigation of the U. S. banking system in February (TIME, Feb. 16). Chairman of the inquiry was Virginia's Senator Glass, legislative sire of the Federal Reserve and arch foe of stock speculation. Each Reserve district was asked: "On which type of investment do you find banks have suffered the largest losses?" Among the answers were...
...held in session long enough for the Senate to approve the Hoover Moratorium whereunder 15 nations are relieved of paying the U. S. $252.566,803 on War Debts between July 1, 1931 and June 30, 1932. Xenophobia reached its peak when Senator Johnson of California, the Moratorium's arch foe, oratorically machine-gunned the Senate...
...patronage feud between President Hoover and blind Senator Schall of Minnesota was close to settlement last week (TIME, Feb. 9). As hostile as ever was the Senator when the President again appointed Gunnar H. Nordbye, his political and personal foe. to be a U. S. District Judge. Much less hostile was the Senator three days later when the President followed a Schall recommendation and advanced U. S. District Judge John Sanborn to the Circuit bench...
...Into the debt question the Senate last week suddenly injected a ne and serious complication when it unanimously called for an investigation of private international finance. Sponsor for this inquiry was Senator Johnson, sworn foe of President Hoover and his who debt program. To U. S. investors, large and small, have been sold some $15,000,000,000 in foreign securities which have depreciated in value to about $12,000,000,000. Senator Johnson wanted know: Who issued these foreign securities in the U. S.? What was their cor mission? Did they retain any for ther selves or dump them...
Eleven thousand miles from Australia in London last week Laborite Scullin's foe & predecessor, former Nationalist Premier Stanley Melbourne Bruce, seemed flabbergasted by the suddenness of the Government's fall. Unable to get back to Australia in time for the General Election (which Mr. Scullin promptly announced to take place Dec. 19), Mr. Bruce frantically kept in touch with friends in Australia who organized a "Committee of 100" to try to win him a seat in Flinders, Victoria...