Business: More Billions

On April 12, said Secretary Henry Morgenthau last week, the U.S. Treasury will begin an outsize financing campaign even bigger than last December's huge war-bond drive. The goal this time: $13 billion, $4 billion more than in December.

But Mr. Morgenthau's upper lip was stiff. With inflation control in mind, he bravely announced that he intended to get eight of his 13 billions from nonbanking sources. To help, he set up a new Treasury War Finance Committee, headed by General Foods Vice President William M. Robbins, whom he took away from a $1-a-year WPB...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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