THE NATION: Grim Arithmetic

There is no sacrifice—no labor, no tax, no service—too hard for us to bear to support a logical and necessary defense of our freedom.

That sentence in Dwight Eisenhower's speech to the Republican rally at Boston Garden last week set talk buzzing and typewriters clacking. Was it a portent of bad news? Many thought so. Treasury Secretary George Humphrey, scheduled to address the American Bankers Association convention in Washington the following day, was puzzled when he heard the President's speech on TV. But, upon checking with the boss, Humphrey learned that the "no sacrifice" remark did not signify a switch...