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Notable New     Yorkers
Select     Notable New Yorker

Frances PerkinsFrances Perkins
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Saturday night because the people hadn't had any wages for months and years. So the minute they had them they went to a store and bought the things they needed. The stores were cleaned out. We had a wonderful picture of the trucks driving in from other towns with grocery supplies, yard goods, shoes, everything that people needed because they wanted to buy. There was one wonderful story about how after they had been doing this for about a month and there had been four payrolls, the Southern Railroad had a bright idea and put on an excursion - a cheap Sunday excursion down to Savannah, down to the sea coast. These people from the mountains and back country of Georgia who had never been to the sea coast all bought an excursion ticket and went down and looked at the sea. Everybody was happy. The railroad was encouraged. They had passengers, people riding on the railroad.

All this was partly psychological, but also money was moving. It's quite true that money was moving from one hand into another hand. According to the Keynes theory, which we explained to each other every other day, a dollar spent it two dollars. I have a dollar. I buy a couple of dozen eggs from you and give you the dollar. You take that dollar and you take your wife and go to the movie. The movie man has a dollar. By the time twenty-four hours is





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