Ten weeks ago, President Truman picked out inflation's villain. The villain was the commodity speculator. Harry Truman said that gamblers in grain were making the cost of living their football. Attorney General Tom Clark and Agriculture Secretary Clinton B. Anderson joined in the booing. Speculators, Clark said, were "profiteering in human misery."
Last week, the Senate Appropriations Committee hauled in a real, live, big-time speculator and put him under its klieg lights. Who was he? None other than Edwin Wendell Pauley, the rich California oilman, the moneybags of the Democratic National Committee, great & good friend of Harry Truman.
Profit & Loss....
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