INFLATION: Voluntary Henry

A lonely, stubborn champion of "volun-tary" war bond sales, Henry Morgenthau last week saw ominous clouds of opposition gathering. Marriner Eccles of the Federal Reserve, Harold Smith of the Budget Bureau, Leon Henderson of OPA had ganged up against him, to champion forced savings. So Henry the Morgue pondered his own dozen schemes for raising money the voluntary way and took stock of results to date. In the twelve months to the end of April, the Federal debt had increased $17 billions. That was a fair measure of Henry's success in selling...

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