"My other piece of advice, Copper field, you know. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the God of day goes down upon the dreary scene and in short, you are flat."
If the words of that incurable optimist, Mr. Wilkins Micawber, rang in the ears of Treasury Secretary Henry Morgenthau last week, Mr. Morgenthau gave no sign. He had just floated the biggest peacetime loan in U.S. history$1,504,425,000* to keep the Government going...
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