McFadden Louis

McFadden Louis, Banki ekonomia finanse

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//-->FEDERAL RESERVEEXPOSEDCollective Speeches ofCongressmanLouis T. McFaddenHere at last compiled in one volume are the fiery speeches ofCongressman Louis T. McFadden made in the House of Representativesfrom February 26, 1930 through June 15, 1934.This volume, comprising thirty-one chapters or speeches, containsthe thundering charges and stinging indictments made by this trulydedicated and courageous servant of the people against those personswho sought to ruin America and to engulf the world in a sea of bloodwith their insane greed.The reader will rub his eyes in amazement at the astoundingrevelations contained in this book. And it is because of the import andserious content of these speeches that not a word has been deleted fromthem.No student of history, politics, or government will want to bewithout this important book.The cover photo appeared in the August 18, 1934 issue of News-Week with the following article.G. O. P.: Representative McFadden In Role of a Modern LazarusIn Pennsylvania last week, a man arose biblical-fashion fromthe land of the dead. The person to achieve this feat was Louis T.McFadden, United States Republican Representative from the G. O.P.'s strongest State.Mr. McFadden spectacularly sank into oblivion at the tail-endof the Hoover administration. Dec. 13, 1932, the House ofRepresentatives was up to its neck in work. Representative McFadden,arch-harrier of vested interests, strode the length of the gray-carpetedchamber to obtain the floor on a point of constitutional privilege.As a rule, House orators have to yell to make themselves heardabove the clatter of conversation. But as the quiet-mannered Mr.McFadden got under way, the audience snapped to attention, strainingto catch every word.Mr. McFadden had proposed nothing less than impeachmentof President Hoover on charges of "high crimes and misdemeanors."To make matters worse, the Representative referred to the Presidentsimply as Hoover. When it was announced that the vote to table theresolution was carried by 361-8, cheers and wild applause echoedfrom the House's glass ceiling. Senator David A. Reed, rankingRepublican wheelhorse, declared thenceforth the party would considerapostate McFadden as "dead."Last week Mr. McFadden came to life under the wing of theNational Republican Committee. In a radio address he railed againstthe New Deal's "pulmotored" prosperity. The ostracized politicianseemed once again pulled to the official bosom.Meanwhile, the "national nuisance," as he was called, waspleased with his return to favor. Glibly he belittled recovery measures."Don't spend your time worrying over the alleged tyrannies of Hitler,"he said. "Look first to your own case."Collective Speeches ofCongressmanLouis T. McFaddenAs Compiled from the Congressional Record1970Louis Thomas McFaddenLouis THOMASMCFADDENwas born in Troy, Bradford County,Pennsylvania on October 1, 1876. He attended public schools and acommercial college. At sixteen he took a job as office boy in the FirstNational Bank in Canton, Pa., a small town near his birthplace. Sevenyears later he was a cashier, and in 1916 he became the president ofthe bank. Meanwhile, in 1898, he had married Helen Westgate ofCanton, by whom he had three children: two sons and one daughter.McFadden's political career began in 1914 when he was electedto Congress as Republican representative from the 15th district ofPennsylvania. In 1920, he was appointed chairman of the influentialHouse Committee on Banking and Currency, a position which he helduntil 1931.McFadden's later career was marked by violent criticism of hisparty's financial policies. Opposition to the Hoover moratorium onwar debts led him to propose in the House (December 13, 1932) thatthe President be impeached. He bitterly attacked the governors of theFederal Reserve Board for "having caused the greatest depression wehave ever known." Both the President and the Board, he wasconvinced, were conspiring with the "international bankers" to ruinthe country.McFadden lost his seat to a Democrat in 1934, although twoyears previously he had had the support of the Republican,Democratic, and Prohibition parties. He died in 1936 while on a visitin New York City.v [ Pobierz całość w formacie PDF ]

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