STATE OF BUSINESS: Boomology

"All government ought to be helping industry to its feet ... it even almost ought to err in that direction." So said red-haired Attorney General Frank Murphy last week. Since he tends strictly to his legal knitting and engages in none of the New Deal's economic fancywork, his sentiments were merely sentiments. But the same day two other members of the Administration went to the help of Business with good advice about the war boom.

Lunching with Manhattan's Bond Club, Under Secretary of the Treasury John Hanes stood up and predicted an era of business expansion soundly based on the...

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