Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-01
WASHINGTON OBSERVATIONS
ny FREDERIC WILLIAM VILE.

psrial household was boy. There were
corresponding, but premature, reJoiclnss
all over the island because OF popular
longines for a male heir to the throne
When it was discovered that the little
stranger had been converted, BY. raolo
from a girl into a boy, an investigator
ensued. The managing director ano
news manager eff Station JOAk Wers
severely reprirnanded. The head OF
the broadcasting department had ms
salary reduced. and two other employees
including the announcer Of the mac
curate report. were warned"
AS has been pointed out on previous
occasions, the Hoover administration il
largely Harvardized affair with
tion Now a distinguished son OF
Princeton has been brought into the
picture. Walter Ewing Hope Of New
York, who has Just been appointed AS
sistant Secretary of the Treasury II,
charge of the fiscal off1ces, is son Of
Old Nassau, class of '01. From 1918
to 1917 Mr.. Hope was chairman OF the
Princeton Graduate Council and ne Il
now a life trustee Of the university
besides being member OF It's ADMIN
istrative committee and chairman OF
the library committee. Hope became q
great authority on fuel during the war
As a dollar year man he had charge
of conservation organizations IN the
az States. In 1918 he was sent abroad
to survey fuel conditions in Great
Britain. France and italy.
X = X +
Nearly everybody in official Washing
ton believes that the executive or legis-
lattye branch of the Federal Govern
lnent sooner or later Is going to nave
to tackle the "supercorporation" de-
velopment now so conspicuous feature
of American high finance. Senator
Frederic M. Sackett, Republican, OF
Kentucky, is believed to have touched
the thing off in his speech at Louisville
last night. He charged that the new
wealth of the country has turned the
flank of the protective barriers" pro-
vided by existing national legislation
To such an extent has this been done,
Sackett declares, that the antitrust
laws, banking laws and transportation
laws have been virtually nullined. He
thinks the time has come to curb these
"supercorporate structures" Other
wise, holding companies, chain banking
organizations and investment trusts
may become dangerous creatures of
our new wealth" Significantly Senator
SdCkGLU we III "dSIlIlB~
ton are mulling over these changes.
We want the country to think of them
and to US will drift the meat of its
discussions. With all our future before
us, it Is up to the men of this day to
preserve that basic American principle
of equality of opportunity that was the
foundation-ston Of the republic"
y 4
Have you played 1.-THE money game?
That doesn't mean the New York stock
market. It means game invented by
one of Premier Ramsay Macdonald's
closest friends, the English economist,
Norman Angel, who accompanied him
to America last month. Angel has
been at work on the game for some 20
years. His idea is to make it possible,
through the graphic medium of fasci-
mating game, for the average man or
woman to understand such bathing
things as the gold standard, imitation,
def1ation. the f1uctuation of bond and
stock prices, and rates Of exchange.
The Money Came when learned and
properly played. is said by its inventor
to give not only an intelligent, but an
amusing and entertaining, insight into
the mysteries of finance. A number Of
Washingtonians are now engaged in
mastering its fine points. It's played
with cards and tokens symbolical Of
currency.
Copyright, 1920