Letters, Aug. 6, 1934

Speculator Relief (Cont'd)

Sirs: I didn't know there were any left. For Melville Phillips to admit (TIME, July 16) himself "a speculator" and his "account under-margined." Mr. Pecora must be falling down on the job.

Though the New Deal is one large and grand philanthropic organization, you Mr. Phillips are the original "forgotten man." You might apply to Jesse for a loan, if and when his bank makes 'em; you might call on the New Deal if you have a gold contract to abrogate; or an airmail...

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