Dennis A. Fitzgerald of the Department of Agriculture, was appointed head of the Food Division of the Marshall Plan by Paul G. Hoffman. From: Beth Gore
President Benjamin F. Fairless of the United States Steel Corporation, told the Joint Economic Committee today that the corporation had not made a fair return on its sales or investment for the last 20 years. He blamed the recent price rise on the new employees pension system and the boost in Federal Social Security taxes. From: Beth Gore. From: Beth Gore
George McKee Elsey, who was appointed to a $10,000 a year job as Administrative Assistant to President Truman. From Oakmont, Pennsylvania, he formerly was assistant to Clark M. Clifford, the President's Special Counsel.
General Carl Spaatz and General Dwight D. Eisenhower, Army Chief of Staff, testified before the House Executive Expenditures Committee on Armed Services Unification. Spaatz described the legislation as a positive step toward prevention of war, while Eisenhower, appearing for the third time, reiterated that there was no intention of abolishing the Marine Corps. From: Beth Gore
Photo of Britain's Minister of Foreign Affairs Anthony Eden, left, with American Secretary of State Edward R. Stettinius (center) and Lord Halifax, British Ambassador to the U. S., leaving the White House after a lengthy conference with President Truman. From: Beth Gore.
Chairman Marriner S. Eccles of the Federal Reserve Board appeared before the Senate Banking Committee to defend the Board's request for power to restrict bank credit by requiring banks to increase their reserves. His defense was aimed primarily at the criticism of bankers, who want the board to resort to traditional ways of restricting credit by increasing bank discount rates and refusing to buy bank-held bonds being sold to provide new reserves for deposits. From: Beth Gore.
Marriner S. Eccles, Chairman of the Board of Governors of the Federal Reserve System, indicated that tax reductions would be a "tragic error." He told the Senate Banking Committee while testifying on the British loan that such action would increase the problem of inflation and decrease chances of balancing the Federal budget. From: Beth Gore.
The House Foreign Affairs Committee called Secretary of State George C. Marshall to the Capitol to talk over foreign policy. The General is shown here with Committee Chairman Rep. Charles A. Eaton, New Jersey. From: Beth Gore
The Senate today unanimously approved the nomination of Stephen T. Early to be Undersecretary of Defense. Mr. Early is shown here as he testified before the Armed Service Committee, prior to the action of the Committee in approving his nomination. From: Beth Gore