THE PRESIDENCY: Trustees

Political gossips last week chuckled gleefully over a new story. It was the kind of story which probably lacked literal truth but even as a fable it by no means outraged the general fitness of things. The story:

Philip James Roosevelt, first cousin once removed of the late T. R., partner of the venerable investment firm of Roosevelt & Son, lately wrote to his distant cousin Franklin D., saying:

Dear Cousin Franklin:

As you know I am trustee of the estate left you by your father. It is very difficult to invest money safely in these...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!