THE CONGRESS: Thank You, Mr. Fish

Would Congress approve the $3,750,000,000 loan to Britain?

Last week the Senate Banking and Currency Committee listened to a steady hum of argument in its favor. C.I.O. President Philip Murray thought it an "essential first step in expanding world trade in which American labor has a vital stake." Said U.S. Chamber of Commerce President Eric Johnston: "The American system of competitive capitalism cannot exist in a contracting world. . . . [The loan] will help create jobs for 5,000,000 U.S. workers."

Then the committee got set for opposition witnesses. To the surprise of everybody, only three turned up: crusty, 92-year-old "General"...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!