Last week the correspondents of Washington went on a speculative spree. As discordantly as the horns of New Year's Eve their conflicting stories of what 1940 would bring rang throngh the wintry Capital, left Presidential booms busting like toy balloons, the paper streamers of old prophecies littering the streets. Correspondents said that the session of Congress would be short and asserted, with equal vehemence, that it would be long. Peering into the New Year they could see through the darkness as far as an election—it will be a lively one, said the...

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