Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-12-21

impression was promptly derived that
the Presidents wife, who ought to know,
is looking for no changes in the Roose-
welt official household, at least in the
immediate future.
David Schenker, who is conducting the
searching investigation of investment
trusts now under way in the Securities
and Exchange Commission, developed his
hard hitting tactics under the tutelage
of Ferdinand Pecora. He was invited to
join Judge Pecora's staff as associate
counsel to the Senate Banking and Cur
rency Committee during its famous 1888
probe of Stock Exchange practices.
Schenker is a 37-year -old native New
Yorker, graduate of Columbia Law
School, q former editor of its review, and
member of the Manhattan bar. After
assembling the stock trading data on
which the Senate investigation was
based, Mr.. Schenker joined the legal
staff of the Securities and Exchange
Commission, and had q large part in
drafting the rules governing exchange
dealings. Affable, vigorous and unmar-
ried, Schenker was brought up in the
school of hard knocks. and is fast on his
feet, both in the court room and on the
hand ball court. He plays hand ball reg
ularly for relaxation, likes to dine well,
and m" kes q practice Of long hours of
intensive work.
What Is probably the first extensive
foreign review of American political and
economic history during the past four
years is about to be published. It will
appear In New York under the title Of
1.-The New Deal: An Analysis and APP
praisal." The authors are the editors Of
the London Economist, famous financial
weekly.
Nelson Macy, national chairman of the
United States Navy League, has launched
a program in favor Of adequately forth
fled naval bases, especially in the Pacific
and in the waters which form the ap-
proaches to the Panama Canal. He par
ticularly advocates a miniature Gibral-
tar on the mid-Pacific island of Guam,
estimating 1t would not cost more than
the two new battleships which Presis
dent Roosevelt is shortly expected. to
approve-abodt $35,000,O00 apiece, &C
cording to Mr.. Macy. The Navy League
chief argues that defense of the Pacific
Coast depends less upon fleet expansion
than upon effective naval bases, which IN
wartime would serve not only the battle
fleet, but also the merchant marine.
Macy evidently thinks it's mistake to
concentrate emphasis and expenditure
on new ships without commensurate
provision Of bases.
y 4 ~
Charles Warren of the District Of CO.
1umbia bar and one Of the country's most
authoritative opponents of the Consti-
tuition and the Supreme Court, has Just
been appointed as the American member
of an arbitral tribunal to deal with diff
ferences between British Columbia and
the State Of Washington. Mr.. Warren
received the Pulitzer prize for the best
book on American history published in
1924 three-volume work entitled THE
Supreme Court in United States His
tory" In 1924 he was appointed special
master by the Supreme Court In the case
OF New Mexico VS.. Texas, and in 1929
served in similar capacity in United
States VS.. Utah. After graduation from
Harvard Law School in 1892, Warren
became private secretary to Gov. Billy"
Russell Of Massachusetts, and later be-
came that brilliant young Democratic
statemans. law partner In Boston.
81. SosDsrasat 1850