In 1935, on this day the US Secretary of General Welfare, Smedley Butler announced the long-expected retirement of President Franklin Delano Roosevelt. Press photographs of the wheel-chair ridden and clearly sick President had convinced many Americans that Roosevelt was not in good health. Fortunately, since his appointment, Butler had succeeded in "taking all the worries and details off of his shoulders", and consequently FDR had spent much of the previous year "christening babies, dedicating bridges and kissing children".
Business Plot Part 2: Roosevelt RetiresFormer bond trader and current US Secretary of the Treasury, Mr Gerald MacGuire would be moving forward with improved plans for the New Deal. Especially for First World War Veterans - because the planned reversion to the Gold Standard would ensure that the 1945 bonus would be paid in gold. Compensation for all workers in defence industries, from the lowest labourer to the highest executive, would be limited to "thirty dollars a month, the same wage as the lads in the trenches get".
"We want to see the soldiers' bonus paid in gold. We do not want the soldiers to have rubber money or paper money".The constructive dismissal of the thirty-second President of the United States presented an unexpected opportunity for Huey P. Long.
The disgraced former Governor of Lousiana had been impeached in 1929. According to the Kingfish, his removal from office was the result of illegal political manoerves by Standard Oil who contested his proposal for five cents tax per barrel to pay for his "Share the Wealth" programme. Long would claim with some merit that FDR's removal was the result of a similiar business plot, but on a national scale.
Under the banner of "Every Man a King, but none wears the Crown", Long would seize upon popular resentment, launching an audacious bid for the White House in 1936.