The Waterbury Democrat., 1935-06-22

Washington, June 22.--wall Street operators who believed the loudest against the Securities and Stock Exchange Acts when they were in tho making, now are roofing for them. Any num- Der of their lawyers have ad- vised that the constitutionality of tho SEC could be upset by the Supreme Court, but they don't want to challenge 1t. Reason Is that the SEC has restored com fidence in stock market trading. Wall Street operators fear that It's demolition woud be followed by buyers strike. Here Is re- markable evidence of what the SEC has done for stabilization of stocks--which was one of the chief purposes behind It's crea- tion: On June c, 1884, when the SEC was created, the index of Wall street stocks was 100.4S. On June 2, 1895, ono year later, the index again stood at 100.4S. The bad stocks had depreciated. Tho good stocks had gone up Incidentally, the SEC has cleared the Corporation Trust comapny of reports that 1t had advised clients not to place Issues before the SEC because the latter was too strict. Complaints of this kind reached the commission, but proved entirely without foun- dalton.
 Epic Plea
 President Roosevelt has re- ceived a personal plea from Up- ton Sinclair to give his EPIC movement boost. The novel, ist politician asked the Presi- dent to make a grant of Work Relief funds to finance a large- scale EPIC project in the san Joaquin valley. As explained by Sinclair in his letter to the President, the money would be used to purchase land, machin- cry and material in order to err ect a number of model "produc. ton. .for.uso" communities. They would be mnpned by California unemployed Moving day for tho Supreme Court was a simple matter, Aside from the files of tho court, the only furniture to be transplanted to It's new marble palace across the Capitol Plaza were two antique drum-top desks, dating back to the days of Chief Justice John Marshall. Kingfish Huey's 5is. hour filibustep was a gustatory as well as e rhetorical feat. Dur ing the course of his flow of ora tory he consumed IS glasses of milk, six large cups Of coffee, three bowls of soup, half pound of carmels, several bars of chocolate, lh pounds Of grapes--includlng seeds and one- half pound of cheese.
 Labor Favorites
 disappointment under the Wagner Bill of the National La- Dor Relations Board headed by Philadelphia able Francis Bid- dle, is being urged by organized labor For the first time in its history, Utah's entire con- gressional delegation-both rep resentatives and senators--are all Mormons and democrats .. Unwittingly Big Jim Farley start ed a genuinely profitable chain of events when he gave friends few sheets of ungummed stamps. Forced by complaints of collec- tors to put similar stamps on sale, the Post Office Department sold a total of more than $l,25O,- 900 Nevada's beefy Sena- tor Pat McCarran takes no chances. He always carries on his person a tiny silver horse shoe and a rabbits foot ,. Coast Guard gobs who were sta- tioned as sentries about the treasury during the recent Shrin- ers' convention said they had strict orders to admit no one wearing a fez unless "accom- panied by some responsible of- ficial" Sign on the office door of Missouri's fast-talking Representative Dewey Short: "out to lunch. Back about 2:S0, tomorrow"
 Power Lobby
 The power lobby is redoubiing its efforts against the Presidents Holding Corporation Bill since its passage by the senate. To its already large army of operators there has been added q promin- ont utility leader from each state whose job in io make personal contacts with the House deies gates from hls area. Members Of the House also report that they