Rarely in history had a man set his sights for the presidency of the U.S. with so little evidence of popular support. Ever since Henry Wallace made his first tentative gestures toward a third party, organized labor and many of his own liberal friends had been deserting in droves (TIME, Dec. 29). Only the Communist Party and the regrouped P.C.A. united behind him. Nevertheless, this week Henry Wallace made his bid.

Over a nationwide radio hookup from Chicago, in a speech tinged with purple rhetoric and well-laced with party-line doctrine, Wallace said: "I shall run as an independent candidate for...

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