The Waterbury Democrat., 1934-04-09

inconspicuously In the middle OF
the bill.
These lines would give the fed
eral trade commission authority
to prescribe the rules for the
election OF stock exchange off,
Gals. AS the institution now
operates, 1t Is self-perpetuating
oligarchy.
FEET OF CLAY
The popular belief that stock
exchange members are lords of
all they survey Is a myth-as
far as having a voice in the af-
fairs of the exchange Is concern
ed.
The three little lines I'm the
Fletcher ayburn bill would dis
pcll this myth. They would open
the way for free and fair election
OF exchange officials under gov
ernmcnt regulation. The result of
such q sweeping change Is a fore
gone conclusion.
Richard Whitney, and his
clique of Morgan-dominated in
. siders, unquestionably would be
busted. Widely unpopular among
the rank and file OF exchange
mem bers, the only reason they
are holding Office Is because of
the autocratic rules which en-
able their self-perpetuation.
Also, these three little lines ex-'
plain why Whitney is 80 talka-
tive about resigning in the event
the bill passes.
PUNCH DRUNK
After the compromise was
finally reached in the automobile
dispute, some of the American
Federation of Labor delegates
gathered at their headquarters,
and staged an impromptu Grid
iron Club show. ID.
The chief scene was supposed
to be laid in General Johnson's
office.
A burly, red-faced laborite
impersonated the general. Seat
ing himself behind table, he
scowled ferociously.
"All right, you guys" he
barked, ''let's have it!"
A labor delegate rose and be-
gan pitcous plea that his wife
and children were starving,
while the cruel boss, lolling in
luxury, was firing men for join
ing the union.
General, General" he asked
tcarfully, 'what do you say to
conditions such as thcse?"
"Nuts!" was the raucOus
rcjoindcr.
Four or five delegates sprang
to their feet, began shouting at
the same time. Another de-
manded silence.
"Just u minute, just a min
utc," he yelled. "HOw can the
general Think"
"Aw, he don't need to think"
was the reply. "What he needs
~ sleep"
MAIL BAG
G. Men, SAN FRANCISCO
The death last week of Repre-
sentative Edward Pou, democrat,
OF North Carolina, makes Speak
err Rainey the dean of the house
in length of service. Rainey
came to congress in 1903 and
served until 1920, when he lost
out in the Harding landslide. He
was returned two years later,
has continued since. H. B. IT,,
TACOMA, WASH.-The United
States Chamber of Commerce
has its own publicity and propa-
ganda agency. 1t consists of q
large staff of highly skilled and
trained writers-most of them
former newspapermen. How
much the chamber spends az
nually in Its propaganda opera
tions is not revealed, but 1t runs
into considerable money. r. F.,
OXFORD, Ex-senator George
is rated as above the average in
ability among his colleagues. His
inherent conservatism keeps him
from being the leader he could
be IL he were more in stride with
the times. Senator Russell is a
run-of-the-minc legislator. He Is
conscientious and hard-work-
ing, but never an outstanding
figure. J. M. r., ST. LOUIS, MO-,
The cutting of postal en-
ployes' pay is one of the contro-
versial questions of the New
Deal. Roosevelt states that the
post office department has 49,
600 surplus workers on it's rolls,
and that rather than fire them,
all salaries have been cut.
Copyright, 1894, by United