To Hold the Line

Rumple-haired, dry-humored William Hammatt Davis wondered if he had jumped out of the frying pan into the fire. After three harried years as War Labor Board chairman, he was appointed last week to succeed Fred Vinson as U.S. Economic Stabilizer.

It had been Will Davis' job to hold the line on wages; it would be his job now to hold the line on wages and prices too—to guard the whole U.S. against the insistent pressure of inflation. Grinning, the 65-year-old Manhattan patent lawyer wryly described the assignment as "a nice little job."...

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