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only 30 million ounces of free silver, but the annual coinage requirement for the United States was more than 75 million ounces. The price of silver per ounce was now $ 1.2929, but if the United States bought extra silver, the price would go above $ 1.29. The Silver
Purchase Act of 1963 was supported by Bennett and repealed "existing silver purchase requirements and the transfer of tax of silver bullion." It also allowed the Federal Reserve to issue $ 1 and $ 2 notes to replace "silver certificates or the denominations thus making 1.6 billion ounces of silver available to the United States Treasury."
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Bennett spoke at the
Convention of the American Mining Congress in 1963 that declared the coin and silver problem had reached a catastrophic level. His views were faced with much criticism. Two years later, to function properly, the Treasury proposed a new set of coins. Bennett joined forces with the
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In 1920, Bennett returned to Salt Lake City and became an office clerk at
Bennett's Paint and Glass Company, which his father had established. He was later advanced to cashier, production manager, and sales manager. He became secretary-treasurer of the company in 1929 and, after his father's death in
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dealership, the
Bennett Motor Company, and served as its president from 1939 to 1950. He also served as president of the Cardon Jewelry Company and of the National Glass Distributors Association; vice-president of Glayton Investment Company and of the National Paint, Varnish and Lacquer Association;
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In the late 1950s, the US Treasury became a begrudging supplier of silver at $ 0.905 an ounce. Bennett warned that the lack of supply for the high demand would cause the deficit to fall on the
Treasury Stocks. By 1961, the Treasury Stocks had unnecessarily been depleted. In 1963, the government had
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After his departure from the Senate, Bennett returned to Salt Lake City, resumed his business pursuits, and served on a variety of boards. When his son Robert was elected to his former Senate seat in 1992, the elder
Bennett said, "Bob and I have made Utah history. We are the first father and son
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and the defense and aerospace industries to Utah. By the end of his political career, Bennett was the ranking
Republican on Senate Banking, Housing and Urban Affairs Committee, and the Senate Finance Committee. He was "recognized as one of the nations leading fiscal and monetary experts."
430:(1932–1933), and was president of the Salt Lake Civic Opera Company (1938–1941) and the Salt Lake Community Chest (1944–1945). In 1935, he became treasurer of the Latter-day Saints Sunday School General Board. He directed the chorus of student nurses of
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1938, became president and general manager. He served in that position until 1950, when he became chairman of the board. In 1938, the company completed what
Bennett described as the most modern paint manufacturing plant in the
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positions and circulated pamphlets associating Thomas with communist organizations and figures. In
November, he defeated Thomas by a margin of 54%–46%. He was subsequently re-elected to three more terms.
419:. He spent his year-long tenure as president traveling the country and preached "the partnership of the men who put up the money, the men who do the work, and the men who tie the whole thing together."
982:"TO PASS H.R. 2516, A BILL TO PROHIBIT DISCRIMINATION IN SALE OR RENTAL OF HOUSING, AND TO PROHIBIT RACIALLY MOTIVATED INTERFERENCE WITH A PERSON EXERCISING HIS CIVIL RIGHTS, AND FOR OTHER PURPOSES"
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and director of Zion's
Savings Bank and Trust Company, the Utah Oil Refining Company, and the Utah Home Fire Insurance Company. In 1949, he was elected president of the
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Bennett declined to seek re-election in 1974 and resigned on December 20 of that year to let his elected successor,
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1028:"S.J. RES. 29. APPROVAL OF RESOLUTION BANNING THE POLL TAX AS PREREQUISITE FOR VOTING IN FEDERAL ELECTIONS"
284:(November 13, 1898 – December 19, 1993) was an American businessman and politician. A member of the
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degree in 1919. For a year after his graduation, he served as principal of San Luis Stake Academy in
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1010:"CONFIRMATION OF NOMINATION OF THURGOOD MARSHALL, THE FIRST NEGRO APPOINTED TO THE SUPREME COURT"
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in 1868. He received his early education at local public schools and graduated from
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Bennett died at his home in Salt Lake City at the age of 95. He is buried at
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in the general election. During the campaign, he accused Thomas of having
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In 1922, Bennett married Frances Marion Grant, the youngest daughter of
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In addition to his work in his family's business, Bennett organized a
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During his 23 years in the Senate, Bennett earned a reputation as a
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from 1918 to 1945). The couple had three sons, Wallace, David, and
1112:"Longines Chronoscope with Sen. Wallace F. Bennett (May 19, 1952)"
916:"Wallace Bennett, Ex-Senator, 95; Utah Republican Served 24 Years"
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In March 1950, Bennett announced his candidacy for a seat in the
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848:"Statistics of the Congressional Election of November 7, 1950"
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combination to be elected to the U.S. Senate in this state."
363:. He later returned to the University of Utah and earned his
1046:"TO PASS H.J. RES. 208. -- Senate Vote #533 -- Mar 22, 1972"
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The Korean War: Handbook of the Literature and Research
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Biographical Directory of the United States Congress
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Faith and Freedom: The Pillars of American Democracy
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Biographical Directory of the United States Congress
343:, interrupted his college education to serve in the
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Clerk of the United States House of Representatives
1138:Digitized items from the Wallace F. Bennett papers
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688:. Vol. I. James T. White & Company. 1964.
300:, who later held his father's seat in the Senate.
1465:Republican Party United States senators from Utah
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996:"TO PASS S. 1564, THE VOTING RIGHTS ACT OF 1965"
630:"Father's Day for the Senate's 'Legacy Caucus'"
16:American businessman and politician (1898–1993)
685:The National Cyclopaedia of American Biography
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881:. New York, New York: Sperr & Douth, Inc.
492:administration and worked on a solution, the
879:Leaders in Profile: The United States Senate
60:January 3, 1951 – December 20, 1974
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568:. He was also instrumental in bringing the
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740:"BENNETT, Wallace Foster, (1898 - 1993)"
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814:Ronald Walker, "Jedediah and Heber",
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936:"HR. 6127. CIVIL RIGHTS ACT OF 1957"
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422:He hosted a daily one-hour program,
954:"HR. 8601. PASSAGE OF AMENDED BILL"
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434:(1942–1948) and wrote the words to
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1460:Businesspeople from Salt Lake City
1455:Burials at Salt Lake City Cemetery
1450:American people of English descent
1086:"Wallace F. Bennett (id: B000384)"
548:, but Bennett did not vote on the
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328:in 1916. He then enrolled at the
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1295:United States senators from Utah
1235:U.S. senator (Class 3) from Utah
1142:L. Tom Perry Special Collections
1125:L. Tom Perry Special Collections
1114:is available for viewing at the
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466:nomination, he faced three-term
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901:. New York: Facts On File, Inc.
778:, in Powell, Allan Kent (ed.),
655:"DEATH: WALLACE FOSTER BENNETT"
558:Partial Nuclear Test Ban Treaty
518:Banking and Currency Committees
512:. He served as a member of the
462:from Utah. After receiving the
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628:Donovan, Chris (2006-06-16).
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440:1985 Latter-day Saints Hymnal
1073:, New York: T. Nelson, 1958.
897:Siracusa, Joseph M. (2004).
564:. He also voted against the
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1505:United States Army officers
1500:Latter Day Saints from Utah
1066:, New York: Scribner, 1950.
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385:President of the LDS Church
351:. He was commissioned as a
320:immigrants who came to the
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522:Civil Rights Acts of 1957
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540:and the confirmation of
304:Early life and education
594:Salt Lake City Cemetery
163:40.7772000; -111.858000
137:Salt Lake City Cemetery
877:Douth, George (1972).
566:Equal Rights Amendment
282:Wallace Foster Bennett
102:Wallace Foster Bennett
1146:Harold B. Lee Library
1129:Harold B. Lee Library
776:"Bennett, Wallace F."
554:racial discrimination
43:United States Senator
1107:at Wikimedia Commons
1069:Bennett, Wallace F.
1062:Bennett, Wallace F.
719:H. W. Wilson Company
570:Central Utah Project
560:and the creation of
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968:"HR. 7152. PASSAGE"
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1071:Why I Am A Mormon
899:The Kennedy Years
714:Current Biography
606:Bennett Amendment
556:. He opposed the
542:Thurgood Marshall
536:, as well as the
448:Why I am a Mormon
444:Faith and Freedom
369:Manassa, Colorado
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1175:nominee for
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266:Battles/wars
124:(1993-12-19)
78:Succeeded by
55:
1435:1993 deaths
1430:1898 births
1219:U.S. Senate
1032:GovTrack.us
1014:GovTrack.us
940:GovTrack.us
446:(1950) and
349:World War I
336:in debate.
298:Bob Bennett
270:World War I
161: /
66:Preceded by
1424:Categories
1404:R. Bennett
1394:W. Bennett
1319:Sutherland
1248:Frank Moss
1173:Republican
793:0874804256
612:References
584:Later life
500:Leadership
470:incumbent
468:Democratic
464:Republican
290:US Senator
220:Allegiance
204:Alma mater
178:Republican
1256:Jake Garn
1211:Jake Garn
578:Jake Garn
476:communist
460:US Senate
454:US Senate
83:Jake Garn
56:In office
802:30473917
634:NBC News
600:See also
562:Medicare
450:(1958).
357:Infantry
192:Children
1379:Rawlins
1367:Class 3
1334:Watkins
1329:Murdock
1302:Class 1
1186:Class 3
1123:at the
1057:Sources
721:. 1950.
544:to the
355:of the
347:during
345:US Army
318:English
1389:Thomas
1349:Romney
1314:Kearns
1309:Cannon
818:, 1979
816:Ensign
800:
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532:, and
389:Robert
375:Family
247:
229:
184:Spouse
114:, U.S.
1384:Smoot
1374:Brown
1344:Hatch
1179:from
851:(PDF)
426:, on
292:from
46:from
1399:Garn
1339:Moss
1324:King
1204:1968
1200:1962
1196:1956
1192:1950
1181:Utah
798:OCLC
788:ISBN
534:1968
530:1964
526:1960
516:and
412:Ford
405:West
314:Utah
294:Utah
256:Rank
119:Died
112:Utah
98:Born
48:Utah
1409:Lee
1140:at
428:KSL
197:Bob
1426::
1246:,
1202:,
1198:,
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