The Washington times., 1934-02-12

wheat and corn
belt.
since Mr..
Brookhart lost &.
his Senatorial
seat he's been 0
10 Russia, has ==
returned, and
is now one Of . I I
the ''big wigs" ss=
up at the Agri- S
cultural Adjust
justment Ad-
a ini tration.
Fellows who are Dunbar Hare
affiliated with the brokerage
houses are awfully glad he's out
Of the Senate, now that these
stock market regulation measures
are on tap.
Mr.. Brookhart formerly did a
lot for the Federal employees, but
his chief claim to fame, so the fl
nancial boys say, will rest on his
fight against Wall Street and the
movie interests.
Francis G. Addison, jr., presi.
dent of the Security Savings and
Commercial Bank, still takes pride
in his job as chairman of the
board of the Better Business Bu-
Seau.
Carter B. Keene is the new re-
ceiver for the United States Saw
ings Bank, at Fourteenth and U
Streets N. w., He was named by
]. F. T. O'Connor, the comptroller
Of the currency. The institution
was placed in the hands Of a con-
Servator after the banking holiday.
Mr.. Keene succeeds w. H. Zepp,
who in turn succeeded j. L. Bailey.
Mr.. Keene is a native of Maine,
Q practicing attorney here since
1921, a former Post Office De-
partment official, a thirty.third
degree Mason, a member Of the
Mayflower Society, and an LIN.
from George Washington Univer-
sity. He lives in the TOO block Of
Tenth ST., N. W., and has offices
In the Mclaughlin Building.
J.V. r. Blackstone, manager Of
the home office agency Of the
Union Cooperative Insurance
Company, has been in the insur.
ance business Is years.
Harry s. New, former postmas-
ter general in the Harding Ad-
ministration, was circulating last
week in the financial district
coon skin coat and black hat.
Col. Robert N. Harper, formerly
one Of the Districts best known
bank executives, now has SO many
telephones that people are begin.
ming to wonder what he has up his
sleeve.
Karl w. Corby is off on a trip.
He's gone to Florida, and will be
back maybe early in March. w.
w. Spaid will fill in for him at
w. B. HibbS and Company.
Corcoran Thorn, who's president
Of the American Security & Trust
Company, plans to go to New
York for the dinner that will
write finis to the annual meeting
of the trust company division OF
the American Bankers Associa-
ton. It's to be this week. Other
prominent bankers who are plan
ming to go are Sidney r. Talia-
ferro, trust officer Of Riggs Ma
&ional, and former District Com
missioner, and T. Stanley Holland,
trust officer Of the American Sc
curity and Trust.
Senator Duncan U. Fletcher's
bill, which he says may be cited
as the National Securities Ex-
change Act Of 1884" has all the
local brokerage fellows interested.
Most say it will be a tremendous
help, and that there has been
need for similar regulatory legis-
aation.
Senator Fletcher made state
1nent, however, which has conSid-
cradle possibilities. AS printed in
the Congressional Record, it fol
lows:
'Many Of the remedies for
existing evils considered in the
course Of the preparation Of this
bill 20 far beyond the provisions
incorporated in the bill. Many
Of the remedies considered but
not incorporated i'm the bill are
In themselvec sound and desir-
able.
'Tt may be that before the bin
% enacted into law a number Of
the remedies not contained In
the present draft Of the bill, and
far more restrictive than its
present provisions, will be pro-
posed by various members and
accepted by the Congress.
"The bill will, Of course, de-
crease and discourage certain
types Of activity on the Securi-
ties markets, and in that sense
and to that extent, will serve to
affect and diminish the volume
Of stock exchange activity. Al
though the bill does not prohibit
al speculative activities on stock
exchanges, its purpose is to
make stock exchanges market
places for investors and not
places Of resort for those who
would speculate or gamble"