When Governor Benjamin Strong of New York's Federal Reserve Bank died of an intestinal abscess (diverticulosis; last week, there were many expressions of sorrow. Reliant, well-liked & resourceful internationalist, he had supported heavy responsibilities, weighty matters of finance on his ailing shoulders. Governor for 14 years, for 12 years his steps were dogged with illness. World War loans, rehabilitation problems, international finances hastened his breakdown.
Columns of newsprint recorded his achievements, mourned him. Editorial writers lauded him, decried his untimely end at 55. Among all these encomiums there was one dissenting voice. Said the Barron-bereaved Wall Street Journal, editorially: "His services were...
