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Unidentified Speaker, -
ARE WATCHING BookTV LIVE COVERAGE OF THE SIXTEENTH ANNUAL TEXAS BOOK FESTIVAL HERE IN AUSTIN, TEXAS. THAT IS THE STATE CAPITAL. TWO BLOCKS FROM WHERE...
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| 00:00:57 |
Unidentified Speaker, -
JESSE JONES. SOMEBODY NOBODY KNOWS ABOUT. HE HAS BEEN FORGOTTEN WHICH IS QUITE UNUSUAL WHEN YOU CONSIDER THAT DURING THE NEW DEAL AND WORLD WAR II HE...
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| 00:02:05 |
Unidentified Speaker, -
1932. HOW MUCH DID INVEST AND WHERE? >> IT INVESTED PRIMARILY
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| 00:02:10 |
Unidentified Speaker, -
IN BANKS, INSURANCE COMPANIES AND RAILROADS. IT MADE LOANS. AS SOON AS FRANKLIN ROOSEVELT WAS INAUGURATED WITHIN DAYS OF HIS INAUGURATION THE EMERGENCY...
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| 00:03:23 |
Unidentified Speaker, -
WAS JESSIE JONES APPOINTED HEAD OF THE R F C? >> HOOVER SAW WHAT
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| 00:03:28 |
Unidentified Speaker, -
HE HAD DONE IN HOUSTON. YOUR CASTRATED A BANK RESCUE THAT PREVENT ALL THE BANKS OF HOUSTON FROM FAILING DURING THE GREAT DEPRESSION. THE GOT ALL THE...
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| 00:04:20 |
Unidentified Speaker, -
CHAIRMAN OF THE DEMOCRATIC FINANCE COMMITTEE. >>
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| 00:04:24 |
Unidentified Speaker, -
1924-28. >> APPOINTED
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| 00:04:25 |
Unidentified Speaker, -
BY HERBERT HOOVER. >> IT WAS A BIPARTISAN
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| 00:04:29 |
Unidentified Speaker, -
BOARD. JONES WAS ONE OF THE DEMOCRATS ON THE BIPARTISAN BOARD AND ALSO GOOD FRIENDS WITH JOHN GARNER WHO WAS SPEAKER OF THE HOUSE AND HE RECOMMENDED...
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| 00:04:53 |
Unidentified Speaker, -
RELATIONSHIP WITH FDR THROUGH THE 30s AND 40s? >> A GOOD
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| 00:04:58 |
Unidentified Speaker, -
RELATIONSHIP. CONTENTIOUS AT TIMES. I THINK FDR RESENTED HIS POWER AND TRIED TO REIN HIM IN BUT IT NEVER WORKED BECAUSE JONES HAD GIVEN MONEY THROUGH...
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| 00:06:15 |
Unidentified Speaker, -
POWER. IS THAT LEGISLATION WAS WRITTEN? >> I DON'T KNOW
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| 00:06:18 |
Unidentified Speaker, -
THAT IT WAS WRITTEN THAT WAY BUT IT WORKED OUT THAT WAY BECAUSE HE HAD HIS POWER OF THE PURSE THROUGH THE R F C BECAUSE IT MADE SO MUCH MONEY I THINK...
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| 00:06:49 |
Unidentified Speaker, -
WRITE IN YOUR TIMELINE THAT JESSIE JONES WOULD SET THE PRICE OF GOLD. >> WITH
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| 00:06:55 |
Unidentified Speaker, -
FRANKLIN ROOSEVELT AND SECRETARY MORGAN. IN CONTEMPORARY WRITING IT IS DERIDED AND THEY SAY THESE MEN WERE TAKING NUMBERS AT RANDOM AND HAVING FUN AND...
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| 00:07:50 |
Unidentified Speaker, -
A TO 2008 AND COMPARE WHAT HAPPENED WITH THE R F C WITH WHAT HAPPENED IN 2008 WITH T.A.R.P. AND THE BANK BAILOUT. >> THERE ARE A LOT OF
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| 00:08:00 |
Unidentified Speaker, -
PARALLELS. ONE THING THAT IS DIFFERENT IS WHEN JESSE JONES WOULD INVEST IN BANKS WHICH WE DID IN 2008. WE BOUGHT PREFERRED STOCK IN BANKS AND PEOPLE...
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| 00:08:52 |
Unidentified Speaker, -
JESSIE JONES KNOWN FOR IN TEXAS? >> NOT MUCH OF
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| 00:08:55 |
Unidentified Speaker, -
ANYTHING. HE IS KIND OF FORGOTTEN. HE OWNED NEWSPAPERS AND WAS A BIG BUILDER AND BUILT THE TALLEST BUILDING IN HOUSTON AND THE MOST LAVISH HOTEL AND...
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| 00:09:49 |
Unidentified Speaker, -
DID HIS POLITICAL DEMISE HAPPEN? >> AS FAR AS --
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| 00:10:00 |
Unidentified Speaker, -
ROOSEVELT'S ADMINISTRATION WHEN ROOSEVELT APPOINTED HENRY WALLACE REPLACED JONES, THAT WAS THE BEGINNING OF THE END FOR JONES IN PUBLIC SERVICE ON...
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| 00:10:11 |
Unidentified Speaker, -
DO YOU DO IN YOUR DAY-TO-DAY LIFE? >> I WORK WITH
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| 00:10:14 |
Unidentified Speaker, -
YOU STAND ENDOWMENT, BE PHILANTHROPIC FOUNDATION MR. JONES ESTABLISHED WITH HIS WIFE MARY GIBBONS JONES. IT IS ANOTHER GREAT EXAMPLE HOW JESSE JONES...
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| 00:11:00 |
Unidentified Speaker, -
HOUSTON RESIDENT STEVEN FENBERG HAS WRITTEN ABOUT JESSE JONES. "UNPRECEDENTED POWER: JESSE JONES, CAPITALISM, AND THE COMMON GOOD" IS THE NAME OF THE...
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| 00:11:12 |
Unidentified Speaker, -
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| 00:11:14 |
Unidentified Speaker, -
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.