Letters, Jun. 19, 1933

Hare & Hounds Sirs:

Your story in the June 5 issue "Hare & Hounds'' is excellent. When virtually all newspapers have distorted facts it is interesting to have that fact disclosed. This story and the larger story under Business & Finance were very readable and full of facts. Particularly pertinent was the statement that the House of Morgan had opposed the "capital gains and losses" clause when the income tax law was written. That's the kind of a fact that would be found in TIME exclusively.

There is nothing criminal in selling...

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