Abstract

Government by Millionaires
Todd, Laurence | March 27, 1929 issue

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At last the U.S. Government has been made safe for millionaires. U.S. President Herbert Hoover, first millionaire to reach the White House, has chosen six of that group of fortune's favorites to be members of his Cabinet. The minority of four in his official family whose wealth can still be told in six figures can only, emphasize, by their minority, the high financial rating of Henry L. Stimson, Andrew W. Mellon, James W. Good, Charles Francis Adams, Robert Patterson Lamont and James J. Davis. Hoover has undertaken to make U.S. people look upon men of great riches as the natural material for leadership in government.

See Also:

UNITED States -- Politics & government; HOOVER, Herbert, 1874-1964; MILLIONAIRES; LEADERSHIP; WEALTH; UNITED States
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