Word: hooverized
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Dates: during 1940-1940
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...Hjalmar Schacht of the U. S. Revolution was brought to Washington by Herbert Hoover. He was a Texas businessman who had almost gone broke in Depression. By 1940 he was rich again, and the Revolution had made him Secretary of Commerce and Federal Loan Administrator. Business thought of Jesse Jones as its friend at court, the Old Deal's borer from within the New. Tactful and unobtrusive, Jesse Jones did not act like a revolutionary. He did not set up any industrial TVAs; he merely "took what the banks left over." By Dec. 1, 1940 he had made commitments...
...bonds, but passage of a law affecting State and local securities was another matter. Reason: opposition by municipalities and States'-righters. Townsmen, villagers and politicians girded their lobbyists last week for a death-&-taxes struggle with their Congressmen. Victory has always been on their side: Presidents Harding, Coolidge, Hoover; Treasury Secretaries Andrew Mellon and Ogden Mills all advocated abandonment of tax exemptions, were always defeated. Ignored were Franklin Roosevelt and Henry Morgenthau in 1937, and again last session. But now Messrs. Roosevelt & Morgenthau had a new argument: national defense. Of untaxable securities tabasco-tongued Mr. Morgenthau last week snorted...
...advisory committee of the group will consist of 2 members from each of the Houses, and is headed by Paul Hoover...
...This report confirms that Bridges is a Communist and that the Communist Party advocates overthrow of the United States government," Hoover said...
Sponsors of the new organization include John P. Bunker '42, David K. Eichler 1G, Alan Gottlieb '41, Paul C. Hoover 2G, Joseph P. Kennedy, Jr. 2L, Langdon P. Marvin, Jr, '41, Robert J.M. Matteson 2G, Samuel Stratton 3G, Quentin Roosevelt '41, Thomas Lacy 2nd '41, William Hodson '42, H. Whitney Dodge '41, Welles Stabler '41, Kenneth Young 1G, Charles Young '44, Tudor Gardiner 1L, and Joseph P. Lyford...