THE CONGRESS: How to Float a Loan

"Out in my state they call me the big, dumb Swede!" quipped lumbering Ed Johnson. His colleagues in the Senate were not much surprised to hear this; they had known Colorado's Big Ed for nine years. Nevertheless, they suffered him to delay passage of the $3.75 billion British loan for two hours while he groped around in parliamentary irrelevancies.

Then came the amendments. Indiana's Homer Capehart wanted the loan reduced to $1.5 billion. California's William F. Knowland tried to bar the loan until U.S. production had reached prewar levels and the budget showed...

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