The Waterbury Democrat., 1934-05-08

Sam began the conference Dy brldling up to Houston Thomp.
 "i don't want to fight with you" he said, looking as if ho did.
 After which he began to tee. ture tho president ns if ho was m small boy whom Untermyer had brought up. Professor Mol ey, who usually helped out in situations of this kind, went to sleep. What made it worse, ho snorod.
 Finally Roosevelt, seeing that it would bo impossible to get any cooperation between Untarmyer and Houston Thompson, split the question into two parts. What later became tho securities act was given to Thompson. Untor- mycr was to work out bill to control stock exchanges.
 But what Sam really wanted was chance to examine J. F. Morgan, due to appear before the senate banking and currency committee. In the famous PuJo investigation 'Untermyer had ex- amined the senior Morgan, and his great ambition was to round this out by taking on hls son. ENTER PECORA
 Ferdinand Pecorn, however, already had begun the banking investigation and the senate committee was doubtful about a change. Wall street feared Un. tcrmyer moro than 1t did Pecora, and Wall street sentiment was reflected by several committee members.
 So Sam rcsorted to subtle strategy. He plnyod up to Pc. cora. And after certain amount of this, he suggested that pecora become his assistant.
 Pecora, who by this time had shown himself an able investiga- tor, turned tho proposal down cold. And Untermyer, disguBtcd threw up tho whole thing.
 The securities act, first draft. cd by Houston Thompson, rec dra fled by Jim J.Ansiis and others passed congress without OpDO. sitlOn. The stock market blll was not written.
 Now Il year later, 1t has created the biggest congressional fight In history--chicfly due to tho whim Of one man.
 M1clslsY-GO.1sOUND
 Dr Loo Wolman, chairman of the presidents automobile labor arbitration board, Is telling friends that ho does not expect to return as head of the NilA labor advisory board when he finishes tho motor Job,. Ar. thur J. Mollott, youhg Kansas City attorney, recently made head of tho governments new consolidated liquor enforcement agency. is tho personal selection 0f Internal Revenue Commis- sioner Guy T. Helverlng. The latter, q "Bofore Chicago" RO0soveltite, is n Farley ap- p0intce. For n tlmo he was In disfavor with Secretary Morgen. thnu, his immediate superior, but tn tho last two months has im- proved his standing. Mel lott is n personal dry and tee. totnler. but says he is mot a fanntic." Alexander c. Mcknight, whlte-hairod, heavy. sot head of the newly cronted litigation division Of tho MIRA, was born in Ayrshire county, Scotland, 90 miles from the birthplace Of Robert Burns. -. Forty-nine years old, Mrs ROosevolts hair is untouched by gray. .. It is light-brown In color, and unbobbod. Word reaching senate cloak- rooms that Jim Watson plans to place Senator "Littie Artie" Robinson in nomination for re- election brought chortlos of laughter. A few months ago Jim was considering running against Robinson, whom he prl- vately disiikos, News of Jim's change of heart brought the comment from ono we'll known republican,: Apparently Jim wants to make sure that Arthur gets licked"
 (COpyright, l034, by United
 Feature Syndicate, Incl