The Presidency: Silver Triumphant

One evening last week President Roosevelt held a pleasant little White House gathering attended by Acting Secretary of the Treasury Morgenthau. his assistant, Earle Bailie, Professor ("Rubber Dollar") Warren and Governor Black of the Federal Reserve Board. They let it be known that they were considering the results of the Administration's monetary policy. The Press, sensing important decisions in the making, headlined "Important Gold Conference."

The Press was right about everything except the metal concerned. Twenty-four hours later the President issued a proclamation on silver. With it he released some brief history:

At...

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