The Last New Dealer

Said one Washington wag: "They have just buried the last New Dealer."

Some of the New Deal's best friends began to wonder last week. Henry Agard Wallace, the man Franklin Roosevelt raised to the Vice-Presidency because he was most nearly the ideal 100% New Dealer—had been dumped by his boss.

Why had he been dumped? Because he had been caught appeasing the conservatives or exchanging winks & nods with capitalism? Or—and this was the possibility that hurt New Dealers most—had Mr. Wallace been publicly whacked by Franklin Roosevelt because he had insisted on...