It all began in January when George Magoffin Humphrey, as one of his top aides said later, "tossed a match into the barn and sure started a fire." Treasury Secretary Humphrey's warning that high Government spending would in the long run bring on a depression "that will curl your hair" caused hair to stand on end all over the U.S. Editorial writers cried of "idiot spending," and budget figures rolled sonorously across Chamber of Commerce luncheon tables from coast to coast. Congressional mail pouches swelled; New York's Republican Senator Irving Ives totted...
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