Last week long memories in Washington turned back to one chill morning in January, two years ago. That morning at Jersey City Franklin Roosevelt boarded a train to Washington to confer over War debts, a matter which the President—Hoover—thought of some importance. After he had eaten luncheon in his private car, Mr. Roosevelt's advisers gathered around the table. Of the five who were there to counsel him on the responsibilities he was to assume, several were quite obscure. There was a balloon-jowled professor, Raymond Moley, and a handsome but obscure young...

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