Government: Controlling the Controls

One of the least enviable jobs in Washington this winter is held by the youngest member of President Johnson's cabinet: Commerce Secretary Alexander Buel Trowbridge, 37. On him falls the burden of enforcing the first mandatory controls on private investment abroad, restrictions that constitute the largest element of Johnson's program to cut the U.S. balance of payments deficit by $3 billion this year.

It is especially awkward for Trowbridge because for months he has been assuring worried businessmen that no harsh steps would be necessary. Last week, as Trowbridge started to recruit...

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