Outside the U. S. Treasury last week, as usual, stood the time-mellowed, unsmiling bronze statue of First Treasury Secretary Alexander Hamilton. Inside, as usual, sat time-harried, unsmiling Henry Morgenthau Jr., 50th Secretary.
On Mr. Morgenthau's balding brow the cares of his office were writ large. Snappishly he told newsmen: "Every day we get that much closer to the limit, but . . . that's Congress' worry, not mine. I'm not worrying about it," said worried Mr. Morgenthau, "I'm only the paymaster."
What Mr. Morgenthau said he was not worrying about was the U....