Joe McCarthy picked up the trail of Frank Coe just before election last fall. In his big Chicago Palmer House speech, the Wisconsin Senator listed Coe as a prime example of subversives in public office. A New Deal economist who had become the $20,000 secretary of the International Monetary Fund, Coe had been identified before congressional investigators as a Red agent. The State Department had even refused him a passport. But not until McCarthy spoke did the Truman Administration demand Coe's dismissal from his sensitive post. And not until Coe himself refused to say whether he was a Communist spy,...

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