THE FIRST NEW DEAL by Raymond Moley. 577 pages. Harcourt, Brace & World. $12.50.
Raymond Moley's star faded more than a generation ago, after briefly generating power and light for the U.S. President he served. He and Franklin Roosevelt made a curious, and before long incompatible, pair: the brilliant Columbia University professor on whose counsel F.D.R. placed the highest value at first, and the headstrong political pragmatist who eventually came to count few men's counsel above his own. For Moley, disillusion set in soon. He left Washington in September 1933, after only six...
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