Abstract

Henry Morgenthau and His Friends
Ward, Paul W. | August 14, 1935 issue

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This article focuses on Henry Morgenthau, Secretary of the U.S. Treasury Department. Morgenthau appears to have no fixed convictions on anything beyond a resolve to keep his department honest as well as efficient. He was a prime mover for dollar devaluation and was largely responsible for the New Deal enlistment of George F. Warren, the Cornell farm-management professor who invented U.S. President Franklin D. Roosevelt's gold-purchase plan. At press conferences, where he unsuccessfully tries to hide his fear of newspaper men behind a juggler's smile, Morgenthau seldom hesitates to refer any technical question to his assistants and to his own grasp of the subject involved.

See Also:

MORGENTHAU, Henry, 1856-1946; CABINET officers; DEVALUATION of currency; WARREN, George F.; PRESS conferences; UNITED States
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