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The General Electric job was offered in May or June of 1935. On June 26, 1935, with Johnson about to accept the offer, President Roosevelt announced the creation of a new governmental agency. It would be called the National Youth Administration, its annual budget would be $50 million—and it would be administered in each state by a state director. T
... See moreRobert A. Caro • The Path to Power: The Years of Lyndon Johnson I
A total of only 31,000 acres of cedar had been cleared in Blanco County during 1936 and 1937, the two years before Lyndon Johnson became Congressman. In 1938 alone, 63,000 acres were cleared; in 1939, 70,000 acres. In the Tenth District as a whole, hundreds of thousands of acres of brush were chopped away. By the end of 1940, the amount of land und
... See moreRobert A. Caro • The Path to Power: The Years of Lyndon Johnson I
In July, he took on a new role. There was one asset that only he among the Texas Congressmen possessed: Charles Marsh’s friendship. Texas newspapers were overwhelmingly anti-Roosevelt, but Marsh’s six Texas newspapers, including the influential paper in the state capital, were for him. The publisher of six pro-Roosevelt Texas dailies had very littl
... See moreRobert A. Caro • The Path to Power: The Years of Lyndon Johnson I
At Roosevelt’s direction, legislation had been drafted giving the federal government authority to regulate the issuance of securities for the protection of those who bought them. Rayburn, who had seen so many financially unsophisticated farmers invest the little spare cash they had been able to scrape together in worthless stocks or bonds, had foug
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