The President waited until Thurman Arnold had finished flogging Standard Oil Co. of New Jersey. Then to U.S. business he tossed a bone that had been waiting on his desk a long time.
Henceforth any anti-trust suits that interfered with production were out, for the duration.
"We must keep our eyes fixed now upon the one all-important primary taskto produce more materials at greater speed," wrote the President. "In other words, we shall give our attention to first things first."
But, said the President, the statute of limitations should be revised, so that trust-guilty firms could be punished after the warthe threat of...