POLITICAL NOTES: Seeds of 1940

Friends of John Nance Garner quoted him as predicting, and favoring, cuts in Federal income-tax exemption from $2,500 to $1,200 for married persons, from $1,000 to $500 for single persons, to intensify tax-consciousness, curb spending.

> Pure-hearted Frank Murphy announced: "I personally don't want to be on a ticket of any kind." Opined Columnist Raymond Clapper, who has excellent Administration sources: ". . . The Attorney General is running too hard for the Vice Presidency . . . [There is a] hint in certain quarters . . . that [he] forget the ballyhoo...

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