If the number of businessmen calling at the White House could be considered a reliable index of depression, it would have appeared last week that the nation was in lamentable condition. During the first three weeks of 1937 when Boom was in the air President Roosevelt saw about a half dozen businessmen. Since the turn of this year he has talked with more than 100. The White House calling list may not be a very reliable index of business activity but it is—at the moment at least—a sensitive index of business sentiment. For...

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