Word: nra
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...AFFAIRS. "I like to think of myself," the smiling Jew once told a friend, "as the Disraeli of America." The Disraeli image broadened when President Roosevelt invited him up to Hyde Park the third day he was home. Last week, when his onetime lieutenant resigned from NRA, Wall Street was offering even money that Hugh Johnson's boss would be Hugh Johnson's successor. Recalled was this Baruchism: "I've been like a good athlete who is always ready and always in training. And then some God-damned fool drops the ball and . . . they say, 'Baruch...
...days later, when NRA's new set-up was announced, the answer was indeed found to be "No". But "Bernie" Baruch was happy that he was once more back in the political limelight, was well aware that even when Gladstone was Prime Minister, Disraeli was a potent figure in his country's politics...
...reorganization of NRA, which has been the subject of so many conferences and memoranda between us, is becoming momentarily more urgent. We are in agreement upon the general form of reorganization and I do hope you will see eye-to-eye with me on the subject of my resigning from a job which, as reorganized, seems altogether superfluous...
...warm and friendly reply to "Dear Hugh," the President accepted Administrator Johnson's resignation effective Oct. 15 "because you and I have felt for some time that NRA has fulfilled its first phase...
...days later in Washington President Roosevelt inducted NRA into its second phase. For its first 15 months of life NRA's executive structure had been monolithic, with Hugh Samuel Johnson as the bottom, top and sides. The structure of NRA's administration was now changed to a pyramid. Broad base was a seven-man board which would carry on the routine duties of code administration. No sooner had these seven members been appointed than statisticians found that four were lawyers, five were in Who's Who, three were economists, two had Phi Beta Kappa keys...