President Eisenhower's plan for a non-partisan monetary commission to study the nation's overall financial system (TIME, Jan. 21) ran into a strictly partisan ambush in Congress last week. By a vote of 16 Democrats to twelve Republicans, the House Banking and Currency Committee, with full covering fire from Speaker Sam Rayburn, rejected the President's plea for permission to appoint nine U.S. financial leaders to lead the study, instead decided to do the job itself. The chairman of the investigating committee would undoubtedly be Democrat Wright Patman. Said Speaker Rayburn: "If there...
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