THE CABINET: Egg Trade

Like a hen sitting patiently on a nest full of china eggs and growing worried because they would not hatch, Secretary of the Treasury Morgenthau has since last December been sitting on the Government's sterilized golden nest egg. Ever since then, the Government has been buying all the gold imported into the U. S. and storing it away to prevent the normal inflationary effect of such an influx. With recent imports of $5,000,000 a day and a sterile nest egg of $1,145,000,000, Mr. Morgenthau has been kept busy borrowing money to buy...

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