Magazine content is available exclusively for TIME subscribers.The Press: Pegging the Dollar
Terrible-tempered Westbrook Pegler proved to be too hot to handle last week for the New York Journal-American, his No. 1 outlet. It killed a Pegler column warning readers not to buy U.S. bonds, although the Washington. Times-Herald and some other papers thought it fit to print. Wrote Peg: "Any corporation . . . promoting the purchase of Government bonds on the pretense that such bonds are good investments, is either a party to a confidence game or a victim of stupid management. In either case I am not kidded.
"During World War II, the Treasury importuned me several times to act...
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