Peter Molyneaux and the New Deal
IRVIN M. MAY, JR.
THE PRODUCTIVE CAPITAL INVESTED IN TEXAS IS AMONG THE MOST
valuable assets of the people, more important to them than to
the mere owners of it, for the chief benefits of productive capital are
social in character."' These words expressed the motto of the influ-
ential Texas Weekly, whose editor Peter Molyneaux of Dallas became
an outstanding critic of the Franklin D. Roosevelt administration
Molyneaux's writings and publications attracted state and national
attention. Nicholas Murray Butler, president of Columbia University
and the Carnegie Endowment for International Peace, wrote that
"I follow THE TEXAS WEEKLY with keenest interest and, both in this
country and in England, have commended its editorials as representing
*Irvin May, instructor of history at Texas A.&M. University, wishes to acknowledge his
gratitude to Robert C. Cotner of the University of Texas at Austin for stimulating his
interest in the New Deal and in the study of Peter Molyneaux.
'See The Texas Weekly, IX-XIV (1933-1938).
2The student of the New Deal will find many scholarly studies of the period: William
I euchtenburg, Franklin D. Roosevelt and the New Deal (New York, 1968); Basil Rauch,
The History of the New Deal, z933-z938 (New York, 1944); Arthur Schlesinger, Jr.,
7 lie Age of Roosevelt (3 vols.; Boston, 1957-1960); Edgar Robinson, The Roosevelt
Leadership, z933-z945 (Philadelphia, 1955); Samuel Rosenman (ed.), The Public Papers
of Franklin D. Roosevelt (13 vols.; New York, 1938-1950); George Wolfskill, The Revolt
of the Conservatives (Boston, 196) ; Gilbert C. Fite, George N. Peek and the Fight for
Farm Parity (Norman, Okla., 1954); Sidney Baldwin, Poverty and Politics: The Rise and
Decline of the Farm Security Administration (Chapel Hill, N.C., 1968); James T. Pat-
terson, Congressional Conservatism and the New Deal (Lexington, Ky., 1967); Alonzo
Taylor, The New Deal and Foreign Trade (New York, 1935) ; Edwin Nourse et al., Three
Years of the Agricultural Adjustment Administration (Washington, 1937); Richard S.
Kiikendall, Social Scientists and Farm Politics in the Age of Roosevelt (Columbia, Mo.,
1966); Broadus Mitchell, Depression Decade (New York, 1947); Rexford Tugwell, The
Brains Trust (New York, 1968); Henry I. Richards, Cotton and the AAA (Washington,
D.C., 1936); Rexford Tugwell, The Democratic Roosevelt (Garden City, N.Y., 1957);
David Conrad, The Forgotten Farmers: The Story of Sharecroppers in the New Deal
(Urbana, Ill., 1965); Edgar Nixon, Franklin D. Roosevelt and Conservation, 1911zz-z945
(2 vols.; Washington, D.C., 1957); Bernard Sternsher, Rexford Tugwell and the New
Deal (New Brunswick, N.J., 1964); Searle Charles, Minister of Relief: Harry Hopkins
and the Depression (Syracuse, N.Y., 1963); George Wolfskill and John A. Hudson, All
But the People: Franklin D. Roosevelt and His Critics, z933-z939 (New York, 1969);
Ellis W. Hawley, The New Deal and the Problem of Monopoly, z933-z939 (Princeton,
N.J., 1965); James T. Patterson, The New Deal and the States (Princeton, N.J., 1969);
Donald R. McCoy, Angry Voices: Left-of-Center Politics in the New Deal Era (Lawrence,
Kans., 1958); and Harold M. Hollingsworth and William F. Holmes (eds.), Essays on
the New Deal (Austin, 1969).
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 73, July 1969 - April, 1970. Austin, Texas. The Portal to Texas History. http://texashistory.unt.edu/ark:/67531/metapth117147/. Accessed July 5, 2015.