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...

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