Business: Draft on Business

This week to Washington went Princetonman James Vincent Forrestal, after turning in his resignation as president of the top-flight Wall Street investment house of Dillon, Read & Co. His new job: No. 4 of Franklin D. Roosevelt's $10,000-a-year administrative assistants "with a passion for anonymity." In the reforming New Deal of 1939, Wall Streeter Forrestal's appointment would have set alienists to wondering. In the war-defense New Deal of 1940's summer it got only passing notice. For against the possibility of war, Franklin Roosevelt's draft on business was already functioning. To implement his...

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