TAXATION: Spelling Bee

"Actually, any one who gives the matter unbiased consideration will realize that it is for the benefit of the rich to plug loopholes in tax laws, since this raises more revenues without raising rates."

With this neat bit of logic, Secretary of the Treasury Henry Morgenthau Jr. last week opened the great 1937 hunt for rich tax dodgers launched so suddenly by him and Franklin Roosevelt early this month (TIME, June 14). The hunt meet was not in the customary inquisition chamber, the Senate's barnlike caucus room, but in the House Ways &...