THIRD PARTIES: Among the Ruins

It was an angry, spiteful Gideon who watched his army melt away. On election night, Henry Wallace listened to the returns in his office, while party workers stamped and whirled in a square dance downstairs. When the networks gave him time for a three-minute talk (which listeners expected to be his admission of defeat), Wallace cried: "The cup of iniquity of both the old parties will overflow and one or the other of the old parties will disappear." He exhorted his workers: "This crusade is going ahead with renewed vigor."

His party had polled a meager 1,116,390 votes—far short of...

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