New Englanders remember 1920 vividly. The memory did not prevent them from turning their skill to guns again in this war, but it did cause the farsighted ones to calculate how another post-war deflation could be prevented. In all New England, there is no more farsighted businessman than Sam Ferguson, boss of Hartford Electric Light Co.
Months ago Mr. Ferguson decided that U.S. employers should "grab the ball from the New Deal" and care for their own unemployed after the war. To Secretary Morgenthau he proposed that the Treasury offer $500 certificates...
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