MONEY
Once last summer when businessmen were jittery over Government finances, Secretary of the Treasury Morgenthau declared that the Government's $2,800,000,000 gold "profit" realized on dollar devaluation was "under lock & key." And to end all fear of the sudden emission of $2,800,000,000 of new money, President Roosevelt called the gold profit a "nest egg to be disposed of only in the indefinite future."
Last week without warning Secretary Morgenthau unlocked his vault and took out almost all the nest egg which was not tied up in the Stabilization Fund. Forthwith he announced...
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