THE ECONOMY: Help at Home

In the depressed textile town of Lawrence, Mass., in the fall of 1952, Candidate Dwight D. Eisenhower said: "Now, ladies and gentlemen, this country is no greater than the sum of its parts. When a great group has a special problem that, due to special reasons, they are unable to solve in their individual power, it is time for somebody to come in and help."

In Denver last week, President Eisenhower accorded "strong approval" to a new federal plan for helping depressed towns like Lawrence. The plan called for the formation of a new federal agency within one of...

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