As part of the great political drama presented every Presidential election year, a half-dozen Hamlets last week rushed to the national footlights, threw out their chests, opened their mouths in mighty soliloquies. Who was to be or not to be President after Jan. 20, 1937 was the question.

Genesis. Week before, at the Washington dinner of the American Liberty League, Alfred Emanuel Smith had violently condemned the New Deal, threatened to "take a walk" on Election Day (TIME, Feb. 3). The official comeback to this blast was delivered last week by the Happy...

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