President Roosevelt sat at his desk facing a dozen White House newshawks. Secretary Morgenthau, Mrs. Morgenthau, Stephen T. Early and Marguerite Le Hand looked over his shoulder. On the blotter before him lay a copy of H.R. 6976. Smiling, he picked up a pen and wrote: "Approved. Franklin D. Roosevelt.'' Thus did the Gold Reserve Act of 1934 become law.
A few minutes later he sat at the same desk with the same bill before him. Secretary Morgenthau, Governor Black of the Federal Reserve, Professor George ("Rubber Dollar") Warren, Governor Harrison...
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