All around Washington the rumor went: wage and price controls would be here by Labor Day, and ration books were already being printed. The rumor even turned up at the President's press conference. May Craig, a chipper grandmother in a blue gingham dress and a correspondent for a string of Maine newspapers, asked Harry Truman about it.

Answered the President, smiling: They know more about it than I do, Miss May.

The questions came thick & fast. Finally, the President added a detail: whenever it is necessary for price controls, wage controls and manpower controls, why, the...

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