Abstract

Hymn for New Jersey

To those who for one reason or another think of New Jersey as no more than a bird-of-prey sanctuary devoted to the protection of such dubious characters as the late Dutch Schultz, the organizers of holding companies, and the disciples of Father Coughlin, there is a refreshing revelation of the true spiritual qualities of the state in the recent action of the legislature at Trenton, New Jersey. There is, of course, a crisis in the affairs of the Garden State. It is evident that the official hymn must be far more than the average chauvinist ululation. Nothing short of an epic is required in the case of a commonwealth so uniquely favored by nature, the New Deal, and the United States Federal Deposit Insurance Corp., which has already in New Jersey alone spent more than one-half of its funds paying off insured depositors in busted banks and making loans to other banks currently tottering toward mergers.