Business: Above the Line

''The United States Government has . . . taken a step backward into the darkness of the Middle Ages," snapped crusty old Editor Jacob Seibert last week in his Commercial & Financial Chronicle, referring to the decision to pay Government gold bond interest in paper dollars. But U. S. Business took a big step forward. Chart-watchers throughout the land happily eyed certain thick black indexes creeping slowly above the line of May 1932. For the first time in four long years of Depression, they said, U. S. Business was definitely better than...

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