POLITICAL NOTES: Economist v. Journalist

On the white pages of World's Work (monthly) word followed word with seemingly unimpeachable logic. Mark Sullivan, dean of Washington correspondents, wrote as he had written many times before. Genially, understandably, he eulogized the six-year record of keen-minded Andrew Mellon as Secretary of the Treasury, explained how he had reduced the national debt between Aug. 31, 1919, and Dec. 31, 1926, from 26.6 billion dollars to 19.1 billions.

In his study, Fabian Franklin, economist and likewise journalist, Mr. Sullivan's senior by 22 years, scanned the article. He was accustomed to spying an...

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