Monday, Sep. 22, 1947

How to Prevent Suicide

Last week, on the first anniversary of the ill-famed foreign policy speech, which was an apologia for Russia and which precipitated his firing from the Cabinet, Henry Wallace stood up once more in Manhattan's Madison Square Garden. Acclaimed by some 18,000 fans rounded up by the Progressive Citizens of America, he said:

"That speech, which transformed an Iowa citizen into a citizen of New York and a Secretary of Commerce into an editor of the New Republic, reads even better today than it did a year ago."

He felt compelled to assert that "the Communist way is not my way." But it was becoming harder & harder to tell the two ways apart. Cried Wallace:

"Under the Republicans, Wall Street ran America; under the present administration, Wall Street is all set to run the world. . . . The war-with-Russia hysteria is a propaganda weapon of reactionary capitalism. . . . Let us face the fact that our crises are not brought on by the Communists. The people responsible for high prices, high rents and growing insecurity are the monopoly capitalists and their political errand-boys."

Wallace's P.C.A. sponsors were hot for starting a third party right away to run Henry for the presidency in 1948. But Wallace reneged: "I shall work within the Democratic Party . . . to prevent [it] from committing suicide."

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