CHINA: Soong Out

Wasp-waisted Chinese Generalissimo Chiang Kai-shek agrees with President Roosevelt that the present is no time for old-fogyish, orthodox finance. Last week he accepted the resignation of orthodox. Harvard-graduated Finance Minister Dr. T. V. Soong, the only man who has ever balanced Republican China's budget.

Promptly Chinese bonds tobogganed and alarm grew so general that troops had to be thrown around the home of Generalissimo & Mrs. Chiang and the entire government quarter of Nanking. As Dr. Soong's successor Generalissimo Chiang picked the famed 75th lineal descendant of China's great sage Confucius,...

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