The Waterbury Democrat., 1936-11-12

= SCOCk Issue Oh Tie
Corporation.
Among the listed directors Of
the company were william Tyler
Page, veteran minority clerk Of
the House Of Representatives:
John II. Small, former president
Of the National Ribers and Har-
bors Congress and ex-congress-
man; Arthur Clarendon Smith,
president OF the Democratic
League Of the District Of Co-
lulnbia; "Sunny Jim" Watson, ex-
senator from Indiana, staunch re-
publican; retired Admiral Mark Z.
Bristol, and ex-Congressman Tom
d. McKeown, democrat, Of Okla
honla.
In It's official announcement,
the SEQ took pains to identify
the corporations directors whom
1t severely chided for alleged lax
ity In not knowing more about
the affairs Of the concern they
sponsored.
Cover Up
But while revealing the identity
of the directors, the SEC care
fully pussyfooted about one Of the
group. It failed to state that
John n. Small Is one Of its own
trial examiners.
The day before the SEC release
was made public, Smith, another
Of the rebuked directors, played
O leading role In the ceremonies
that welcomed President Roose-
welt upon his triumphant return
to Washington. He handed the
President q large bouquet Of flow
ers after he had detrained.
NOTE-James Lanis, Harvard
Law school professor, Is chairman
Of the SEC.
Long.Range Comfort
Leai-jawed Republican Ma
tional Chairman John Hamilton
encountered q friend several days
after the election, who solicitious-
ly inquired:
"IEow are you feeling, John?"
"Never felt BETTER" was the
cheerful reply. 'G
'eThat's the spirit" said the
friend. "Don't forget, life be-
gins after 1890"
Twenty Alibis
Twenty prominent business men
passed UP an unusual opportunity
during the campaign to put the
New Deal In their debt.
At the height OF the Q. o. p.
barrage against the Social 5ecur-
ity Act, democratic managers,
greatly alarmed, wanted to get
q number Of business leaders to
join in O statement defending the
law. Many OF them already were
on record as favoring social Sc
curity legislation.
However, everyone turned
thumbs down ON the adminls-
tration request. Some admitted
frankly that they strongly dis
approved OF the republican at
tack, but could not openly do
10 because Of their corporate
affiliations.
NOTE--Edward A. Filene, Bos-
ton merchant who last year quit
the u. q. Chamber OF Commerce
because OF its violent hostility
toward the New Deal, was the
only big business man who rail-
lied to the defense Of the Social
Security law.
Edgar! Salute!
Woe betide q certain mis-
chievous Justice Department clerk
II J. Edgar Hoover discovers his
identity.
The prankster nearly scared
the mighty G-boss out Of his wits,
and Hoover has been moving
heaven and earth TO uncover him
so far unsuccessfully. ., t!t Z.
The incident occurred when (
Hoover was conducting O demon /,
stration In one Of the court area
ways Of the Justice Department
before O group Of police officials.
II was o class In the school for
local police authorities that the
Federal Bureau OF Investigation
conducts several times o year.
Suddenly, In the midst Of The
lecture, there was o loud ex-
plosion directly behind Hoover
who leaped about three feet.
For G.B0ss who prides
himself on reckless fearless
ness and Is constantly posing
for the photographers, u was
most embarrassing.
After the excitement had sub
sided, the cause Of the disturb
ance was discovered to be O large
firecracker Of the Salute" va
riety. A practical Joker had
tossed 1t out Of window.
Banking B00ndOggling
Add the nations leading banks
to the WPA boondoggling list.
Although they ore foremost
among the critics Of the Works
Progress Program, they recently
Jumped ct the chance to get on
O white collar project.
The undertaking, employing
2BO idle accountants and statis-
ticlans, n being directed by the
Federal Reserve Board. It's OBJ
ject is 10 analyxe bank deposits
during the depression period
for the purpose Of ascertaining
what type o. deposits are least
dependable, from the banks
yheWuOfnt. Ht