FISCAL: Something So Delicate

Early this month President Roosevelt sent his budget to the Capitol telling Congress all he cared to tell about U. S. finances to the end of fiscal 1937. Last week, while the Senate Finance Committee was considering the Soldiers' Bonus (see above), some of its members, headed by North Carolina's supercilious Josiah William Bailey, decided they ought to hear what Secretary of the Treasury Morgenthau would have to say about the effect of paying the Bonus on U. S. finances.

Hence one day Secretary Morgenthau went to Capitol Hill to answer questions. Mr....

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