New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1908-12-23

| ready Governor HUGHES HAS mONtu
against the bucket shops which repre-
esented perhaps the most scandalous
form of stock gambling. In these the
margins were as low as per cent or
even lower.
Commissions Wide Power.
At the last session of the legislature
Governor Hughes recommended such
an investigation, but 1t was turned
down. He now proceeds to make it on
his own motion, which he has a perfect
right to do, without asking the legisla-
ture anything about it. In his letter
to the members Of the commission he
gives them entire latitude to inquire
into every phase of the subject and to
recommend whatever they deem fit.
AS Wall street affects the entire coun-
try and indeed the whole world, the
wide power given to the commission
makes it one of the most important in
vestigating bodies in the history of
the nation.
There are nine members, including
editors, merchants, bankers, lawyers
and educators. They are all men Of
the highest standing in their respective
fields, and some of them are of nation
al reputation
Horace White, the first man named
and presumably the chairman, was for
many years editor Of the New York
Evening Post, prior to which time he
was editor Of the Chicago Tribune. He
was born in New Hampshire in 1884,
educated at Beloit college, in Wisconsin,
and has been a newspaper man ever
since the days Of the civil war He is
also author of books on political econ
omy and finance.
Charles A. Schieren was formerly
mayor Of Brooklyn before that city
was merged with New York. He is
one of the largest manufacturers Of
leather goods in the country and Off
Ger and director in many banks and
financial Institutions He is also presi-
dent Of the Brooklyn Academy of Mu-
sic and vice president of the Brooklyn
Institute of Arts and Sciences. He
was born in Prussia in 1912.
A Stock Exchange Member.
David Leventritt was until recently
a justice of the supreme court of New
York and, although he had nearly four
years still to serve, resigned to re-
sumo his law practice. He has been
a special counsel Of the city Of New
York and is a member of many char
table institutions. Justice Leventritt
himself is a member Of one Of the
stock exchanges, but has not been &C.
tive for years. He is native Of South
Carolina and sixty three years old.
Clark Williams is state superintend-
ent Of banks Of New York and author
D Of the Hughes banking laws Of last
p year. Though only thirty eight years OF
l age, he has been vice president Of an
: important trust company, president OF
+ the trust company section of the
o American Bankers association and
a chairman of it's committee for the pre-
vention of crime.
John Bates Clark is professor Of Pc
: litical economy in Columbia university
y He has held the same chair in Garlic
ton college, Smith college and Am
:. herst and is author Of several stand
: ard works on the subject. He was
= also lecturer at Johns Hopkins. Pro
fessor Clark is native of Rhode
. Island and is sixty-one years Of age.
. Willard Y. King is president Of thu
! Columbia Trust company and finan
- cier Of wide experience. While b.
: lives in Morristown, n. j., his inter
= ests are all in New York.
= Samuel Fl. Ordway is New Yorl
- lawyer and was born there in 1850
- He is a graduate of the Harvard Law
= school and member Of one Of tn
=, largest law firms in the financial dis
- trict.
: Edward D. Page is prominent DIR
!, goods merchant a member Of the fir
:. Of Faulkner, Page & Co., of New Yor
- city.
- Charles Sprague Smith was formel
j. ly professor in Columbia and is noN
- president of the Peoples institute {
: New York. He is noted linguist, le
turer and author, native Of Masss
chusetts and was born in 1868.
DIX This is the commission that Is |
1g probe Wall street, find out all abot
IN wash sales and other iniquities an
a tell Governor Hughes how to stop tt
n most monumental form Of gamblir
1t. ever started on this small earth If
st succeeds in squeezing all the water o,
i'll Of the street there will be an apprec
NJ able rise In New York bay.