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Entries in presidents (3)

Sunday
May102015

Presidents and Their Proclamations on Mother's Day 

More than a century ago, before it became the commercialized occasion it is today, Congress approved the second Sunday in May to be Mother’s Day. It declared that the American mother marked, “the greatest source of the country’s strength and inspiration.” American protocol requires each President to issue a new Mother’s Day proclamation every year.

On May 9, 1914, President Woodrow Wilson first officially proclaimed Mother’s Day, He directed the display of the American flag on Government buildings and citizen residences “as a public expression of love and reverences for the mothers of our country.”

Two years after President Franklin Delano Roosevelt (FDR) took office, he decided that rather than issue a special proclamation, he would deliver a White House statement instead. On May 7, 1935, he said that tributes to American mothers should “come simply and spontaneously from our hearts.”

Still, delivery of the Mother’s Day proclamation remains part of American tradition. Presidents add their own thoughts about mothers into their annual proclamations., some more descriptive and emotional, evoking conditions of the time, some more perfunctory. These are some excerpts from their proclamations regarding Mother’s Day and mothers over the years:

President Harry S. Truman, April 17, 1945:

“Whereas in this year of the war’s greatest intensity we are ever mindful of their splendid courage and steadfast loyalty to the highest ideals of our democracy;”

President Dwight D. Eisenhower, May 5, 1955:

“Whereas since the earliest days of our history American mothers have inspired our most exalted national ideals through their teachings and by example in their daily lives…”

President John F Kennedy, April 26, 1963:

“Whereas the strength of our Nation depends upon the strength of the American home, which is based on the virtues fostered by the mothers of our country; and Whereas the American mother plays a vital role by precept and example in building a strong family unit and in teaching our children to become good citizens…” 

President Lyndon B. Johnson, May 10, 1967:

“The fortitude to brave the frontier, the courage to bear our flag in battle, the compassion to help the needy and the weak at home and in distant lands—all these have come to our people through traits of character instilled by our mothers.”

President Richard M. Nixon, April 25, 1969:

“Nowhere in the complexity of the modern world are we more forcefully reminded of the power of love against hate, of creation over destruction, of life against death than in the gentle strength, the deep compassion of a mother.”

President Gerald R. Ford, May 5, 1976:

“Motherhood is more than a life role, it is a job that is continuously demanding and rewarding. A mother’s guidance is most significant in the growth of her children into responsible, self-reliant, understanding and productive human beings.”

President Jimmy Carter, April 1, 1980:

“Mother’s Day 1980 finds the always demanding role of being a mother made even more complex by the choices modern women have that were not available to women of previous generations. Whether they seek careers or work full time in the home, mothers contribute immensely to our Nation’s future by shaping the character of our children.”

President Ronald W. Reagan April 26, 1988:

“Generation after generation has measured love by the work and wonder of motherhood. For these gifts, ever ancient and ever new, we cannot pause too often to give thanks to mothers. As inadequate as our homage may be and as short as a single day is to express it — “What possible comparison was there,” a great saint wrote of his mother, “between the honor I showed her and the service she had rendered me?” — Mother’s Day affords us an opportunity to meet one of life’s happiest duties.”

President George H. W. Bush, May 10, 1990:

“For more than three-quarters of a century, we Americans have celebrated the second Sunday in May as Mother’s Day. On this day, we pause to honor all those women who, by virtue of giving birth, or through marriage or adoption, are mothers.

Today we no longer face the cruel test of world war, but we still do well to reflect upon the example provided by our mothers. Their courage, faithfulness, and generosity must never fail to strengthen and inspire us.”

President William J. Clinton; May 11, 1995:

“Americans’ vitality as a people flows from the health of our families. The heart and soul of our national life, mothers rise each day to take on myriad tasks, from driving a carpool to directing a city council. They are an anchor to generations past and a bridge to the world of the future. Meeting the challenge of motherhood is one of society’s greatest responsibilities, and those who do this work every day do a service to all humanity.”

President George W. Bush, May 8, 2008:

“We are especially thankful for the mothers who support their sons and daughters serving in our Armed Forces and for the mothers who bring honor to the uniform of the United States by defending our freedom at home and abroad.

Every child blessed with a mother’s love has been given one of life’s great gifts. On this Mother’s Day, we recognize the extraordinary contributions America’s mothers make to their children, their families, and our country.”

President Barack H. Obama, May 8, 2014:

“For over a century, Americans have come together to celebrate our first friends and mentors, our inspirations and constant sources of strength. Our mothers are breadwinners, community leaders, and pillars of family. They pioneer scientific discoveries, serve with valor in our Armed Forces, and represent our Nation in the loftiest halls of Government. Whether biological, adoptive, or foster, they play a singular role in our lives. Because they so often put everything above themselves, on Mother’s Day, we put our moms first.”

This piece appeared originally in Forbes

Saturday
Mar012014

Answers to All the Presidents' Bankers Quiz #1 - some historical facts!

Answers to All the Presidents’ Bankers Quiz #1 (of 3):

March 1, 2014

As promised, here are the answers and some background explanations to the All the Presidents' Bankers Quiz #1 with lots of factoids about the men and families in political and financiall power over the past century. Test your knowledge of the past century of blood, intermarriage, protégé-mentorship and other ties connecting the White House and Wall Street, that form America's political-financial genealogy and elite power circle.  You can also do Quiz #1 at: https://www.examtime.com/en-US/quizzes/553957/.

All the Presidents' Bankers by Nomi Prins is available for pre-order online now, and out April 8, 2014.  For more , see: http://www.nomiprins.com/presidents-bankers

Questions: 1) d, 2) d, 3) b, 4) d, 5) d, 6) d, 7) d, 8) b, 9) a, 10) b

1. Which president's father worked with which elite banker to form the prestigious Metropolitan Club in New York City?

a) Teddy Roosevelt's father and Junius Morgan

b) Calvin Coolidge's father and James Stillman

c) John F. Kennedy's father and John D. Rockefeller

d) Franklin Delano Roosevelt's father and John Pierpont Morgan

FDR's father, James A. Roosevelt and J.P. Morgan were two of the founding fathers of the Metropolitan Club in New York City, where many elite family patriarchs gathered together.

2. Which banker who would later chair a Big Six bank rented one of FDR's New York City townhouses during WWI? 

a) Winthrop Aldrich from the Chase Bank (now part of JPM Chase)

b) James Stillman from the National City Bank (now part of Citigroup)

c) George Baker, Sr. from the First National Bank (now part of Citigroup)

d) Thomas Lamont from the Morgan Bank (now part of JPM Chase)

While FDR served as Assistant Secretary of the Navy in Woodrow Wilson's administration during WWI,  his fellow Harvard alum, Thomas Lamont  rented out his NYC townhouse at 49 East 65th street from 1916-1920.  The annual rental price was $8000, or about $112,000 in today's dollars. Lamont was a partner at the Morgan bank at the time and became Chairman during FDR"s last term as president.

3. Which former Chase chairman shared a fascination of puddle jumper planes with which president?

a)  David Rockefeller and John F. Kennedy

b) John McCloy and Dwight D. Eisenhower

c) David Rockefeller and Harry Truman

d) John McCloy and Harry Truman

John McCloy spoke of their shared love of puddle jumper planes in his Oral History. During WWII, while General Eisenhower led the Allied troops in Europe, McCloy served as the Assistant Secretary of War under Henry Stimson in the FDR administration. Brought into the Rockefeller-Chase fold by Nelson Rockefeller, he became Chairman of Chase in 1953 and steered its 1955 $7.5 million merger with Bank of Manhattan (run by J. Stewart Baker) to form Chase Manhattan.

4. Which major banker from which bank worked most closely with FDR behind the scenes in Washington to pass the Glass- Steagall Act?

a) Jack Morgan (J.P. Morgan's son) from the Morgan Bank

b) James Perkins from National City Bank

c) Thomas Lamont from the Morgan Bank

d) Winthrop Aldrich from Chase

Though both Perkins and Aldrich met with FDR at the White House to discuss their support for passage of the Glass-Steagall Act, it was Winthrop Aldrich that took the most active role in supporting the strongest possible version of the Act, at the request of FDR.

5. The father of which president was appointed as the first head of the Securities and Exchange Commission (the SEC) by FDR in 1934 to police the banking industry?

a) Harry Truman

b) Gerald Ford

c) Lyndon B. Johnson

d) John F. Kennedy

Joseph P. Kennedy, John F. Kennedy's father helped FDR secure the state of California which proved a cornerstone of FDR's presidential campaigns. In 1934, FDR appointed him the first president of the new securities regulatory body, the SEC.  He later was appointed US Ambassador to the UK by FDR.

6. Who was the first president to select a major Wall Street bank CEO as  his Treasury Secretary?

a) Bill Clinton

b) George W. Bush

c) George H.W. Bush

d) Ronald Reagan

Ronald Reagan chose Donald Regan, CEO of Merrill Lynch as his first Treasury Secretary. Today, Merrill Lynch by virtue of its 2008 acquisition by Bank of America is part of the Big Six banks.

7. Which president appointed his son-in-law Treasury Secretary, and which banker that would later chair a Big Six bank, was appointed Assistant Treasury Secretary as a result?

a) Warren Harding and Albert Wiggin

b) Calvin Coolidge and Charles Mitchell

c) Teddy Roosevelt and William Potter

d) Woodrow Wilson and Russell Leffingwell

Woodrow Wilson appointed his son-in-law William McAdoo as Treasury Secretary, who in turn selected his Yonkers friend and neighbor, Russell Leffingwell to be his assistant Treasury Secretary.  Leffingwell later became partner and then Chairman of the Morgan Bank.

8. Which President's grandfather ran a bank that ultimately  became one of the Big Six banks that helped finance his campaign?

a) George W. Bush

b) George H.W. Bush

c) Ronald Reagan

d) John F. Kennedy

George Herbert Walker founded an investment bank, G.W. Walker & Co in 1900 that later employed many Bush family members and friends. It was taken over by Merill Lynch, which was subsequently taken over by Bank of America.

9. Which banker briefly dated the sister of which president?

a) David Rockefeller and John F. Kennedy

b) John McCloy and John F. Kennedy

c) Gabriel Hauge and Harry Truman

d) David Rockefeller and Harry Truman

David Rockefeller met John F. Kennedy's sister, Kathleen, at her coming out party in London in 1938, while their father, Joseph Kennedy was serving as FDR's UK Ambassador. According to his memoirs, David 'enjoyed the company of' Kathleen for a brief period after that.

10. The Treasury Secretary of which president recently joined a financial firm founded by a banker whose uncle was appointed one of the first Fed governors by Woodrow Wilson in 1914?

a) Ronald Reagan

b) Barack Obama

c) Bill Clinton

d) George W. Bush

Barack Obama's Treasury Secretary, Timothy Geithner, joined the private equity firm of Warburg, Pinkus after leaving his Washington post. The firm was founded by Eric Warburg, nephew of Paul Warburg, one of the original Fed architects at Jekyll Island and personally selected by Woodrow Wilson as one of its first governors. Wilson's campaign financing came from firms and families connected to Warburg.

Monday
Feb172014

Take the All the Presidents’ Bankers Quiz #1 (of 3) for free books or fun!

All the Presidents’ Bankers: The Hidden Alliances that Drive American Power: Quiz #1 (of 3) 

Presidents Day February 17, 2014.

Test your knowledge of the past century of blood, family, intermarriage, protégé-mentorship and other ties connecting the White House and Wall Street, that form America's political-financial genealogy, power circle and most elite caste.  The first five submissions of correct results will receive a free autographed copy of All the Presidents’ Bankers when it comes out. For consideration, please email your answers to nomi@nomiprins.com with the subject: APB Quiz 1. You can also do APB quiz #1 at: https://www.examtime.com/en-US/quizzes/553957/. Answers for APB Quiz #1 will be posted on March 1, 2014. Discuss or Enjoy!!!

All the Presidents' Bankers by Nomi Prins is available for pre-order online now, and out April 8, 2014.  For more , see: http://www.nomiprins.com/presidents-bankers

Questions:

1. Which president's father worked with which elite banker to form the prestigious Metropolitan Club in New York City?

a) Teddy Roosevelt's father and Junius Morgan

b) Calvin Coolidge's father and James Stillman

c) John F. Kennedy's father and John D. Rockefeller

d) Franklin Delano Roosevelt's father and John Pierpont Morgan

 

2. Which banker who would later chair a Big Six bank rented one of FDR's New York City townhouses during WWI? 

a) Winthrop Aldrich from the Chase Bank (now part of JPM Chase)

b) James Stillman from the National City Bank (now part of Citigroup)

c) George Baker, Sr. from the First National Bank (now part of Citigroup)

d) Thomas Lamont from the Morgan Bank (now part of JPM Chase)

 

3. Which former Chase Chairman shared a fascination of puddle jumper planes with which president? 

a)  David Rockefeller and John F. Kennedy

b) John McCloy and Dwight D. Eisenhower

c) David Rockefeller and Harry Truman

d) John McCloy and Harry Truman

 

4. Which major banker from which bank worked most closely with FDR behind the scenes in Washington to pass the Glass- Steagall Act?

a) Jack Morgan (J.P. Morgan's son) from the Morgan Bank

b) James Perkins from National City Bank

c) Thomas Lamont from the Morgan Bank

d) Winthrop Aldrich from Chase

 

5. The father of which president was appointed as the first head of the Securities and Exchange Commission (the SEC) by FDR in 1934 to police the banking industry?

a) Harry Truman

b) Gerald Ford

c) Lyndon B. Johnson

d) John F. Kennedy

 

6. Who was the first president to select a major Wall Street bank CEO as  his Treasury Secretary?

a) Bill Clinton

b) George W. Bush

c) George H.W. Bush

d) Ronald Reagan

 

7. Which president appointed his son-in-law Treasury Secretary, and which banker that would later chair a Big Six bank, was appointed Assistant Treasury Secretary as a result?

a) Warren Harding and Albert Wiggin

b) Calvin Coolidge and Charles Mitchell

c) Teddy Roosevelt and William Potter

d) Woodrow Wilson and Russell Leffingwell

 

8. Which President's grandfather ran a bank that ultimately  became one of the Big Six banks that helped finance his campaign?

a) George W. Bush

b) George H.W. Bush

c) Ronald Reagan

d) John F. Kennedy

 

9. Which banker briefly dated the sister of which president?

a) David Rockefeller and John F. Kennedy

b) John McCloy and John F. Kennedy

c) Gabriel Hauge and Harry Truman

d) David Rockefeller and Harry Truman

 

10. The Treasury Secretary of which president recently joined a financial firm founded by a banker whose uncle was appointed one of the first Fed governors by Woodrow Wilson in 1914?

a) Ronald Reagan

b) Barack Obama

c) Bill Clinton

d) George W. Bush