Among the more arresting phenomena of current U. S. political life has long been the relation between the country's most important man—Franklin Delano Roosevelt—and its most important activity— Business. Business has been apt to regard Franklin Roosevelt as a malicious ogre who has its fate in his perverse hands. Franklin Roosevelt has appeared to regard Business as a malevolent force, somewhat parallel to original sin, which cannot be wiped out but should be perpetually chastened. In this strange misapprehension, the gravest flaw is obvious: it does not approximate reality. Last week,...

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