Tobey, Charles William, 1880-1953

Secretary of Agriculture Clinton P. Anderson (right) told Senator Charles W. Tobey (left) on the Senate Banking Committee, during testimony before that committee, that "We may have to use limited price control on commodities affecting the cost of living" if inflation is to be curbed.

Thomas B. McCabe told the Senate Banking Committee that although "there doubtless have been mistakes" he thought his war surplus property disposal agency did the best possible job. The Philadelphia banker answered criticisms of his administration as foreign liquidation commissioner in a 24-page statement as the committee resumed hearings on his nomination as chairman of the Federal Reserve Board. He is pictured here with Senator Charles W. Tobey, (R), NH, who accused McCabe and a Senate investigator last week with making "very poor bargains" as liquidation commissioner. From: Beth Gore.