Word: stettinius
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Dates: during 1930-1939
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...President's appointments to the War Resources Board roused a whole closetful of undefined, murmured fears among the New Dealers now running Washington. Chairman of the Board was Edward R. Stettinius Jr.-also chairman of U. S. Steel. Serving with him were no Laborites, no Little Businessmen, no Janizaries. Instead, there were such Big Businessmen as A. T. & T.'s Walter Gifford, General Motors' John Lee Pratt, Sears, Roebuck's General Robert E. Wood, Manhattan Banker John Milton Hancock. Here, to the shaken Janizariat, was sinister evidence that Franklin Roosevelt, in advance of war, had turned...
...would run the U. S. in time of war? was vital. But that question alone did not move him to act last week. The President was in a peculiar and exasperating position. For on him, to his pained surprise, was hung the tag of J. P. Morgan & Co. Mr. Stettinius and at least three of his fellow boardmen, it was being said, were present or onetime minions of the House of Morgan. By itself this circumstance would have been a nine-day wonder to be pondered and forgotten, along with Mr. Roosevelt's sundry other and short-lived flirtations...
...Board." By disbanding it, minimizing its report, and chiding its sponsor, Louis Johnson, the President in time's nick snatched a deadly weapon from his foes in the Senate. About all they had left to hit him with then was the reasonable supposition that Big Steel's Stettinius will be back on the pre-war scene in Washington at some more politic time...
...week, on an unguarded flank of the Roosevelt Administration, whose big guns for six years have boomed denunciations of "princes of privilege," "entrenched greed," "wolves of Wall Street," "money-barons," etc., etc., they found a rich ammunition dump: at the head of the all-important War Resources Board, Edward Stettinius Jr. Morgan-man, head of U. S. Steel; as a member of the Board, Morgan-man John Lee Pratt of General Motors; in the Federal Reserve Bank of New York's new, powerful financial advisory committee, Morgan-men William C. Potter, Leon Eraser, and Henry Morgan...
...headed the 1918 War Industries Board. Mr. Baruch's friend and Wartime coworker, Columnist Hugh S. Johnson, who months ago was ruled out of rearmament councils, called this "bumptious folly." Omitted from the official announcement was any explanation of the speed with which Mr. Stettinius, et al. were picked. Plans for allocating U. S. production could be almost as useful to warring friends of the U. S. as to warring U. S. Army & Navy...