President Roosevelt has had a long run of hard luck with his financial advisers. Death took William Woodin, his first Secretary of the Treasury. Young James Paul Warburg, who worked hard for the success of the London Economic Conference of 1933, left the New Deal as its fiscal tendencies became apparent. Harvard's Oliver Mitchell Wentworth Sprague, monetary adviser to the Treasury, quit when dollar tinkering began. Special Assistant Earle Bailie had to retire because the Senate would not confirm a Wall Street man. Undersecretary of the Treasury Dean Gooderham Acheson, differing...

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