One day in 1935 Leon Henderson rang up a reporter on the Washington Herald.
"Listen," he said, "I'm down now, and everybody in Washington knows it. I'm not worth kicking around."
Mr. Henderson then was on his way out of crumbling NRA, which he had served as director of Research and Planning, chief economist, member of its short-lived National Industrial Recovery Board. He subsequently fell so low that in 1936 he had to ask Democratic Press-agent Charlie Michelson for a $50-a-week job with the Democratic National Campaign Committee in Manhattan.
This week hearty,...