The Waterbury Democrat., 1936-04-20

and Exchange are not Say1nI i'd rise of the stock market is
 Recently William o. Douglas, newest and most fortnight SEC commissioner, called in Frank Meehan, assistant director of the trading division. It is Meehan's job to detect pools or other viola tions of SEC rules on the stock exchange.
 However, Douglas intimated in plain and pointed lanugage that Meehan was not detecting them. The market is way over-priced, Douglas told him, and all sorts of under-cover pools are operating.
 "Y0u've got to remember" he concluded, "that when the next crash comes, the SEC is going to be on the spot. We are the commission set up to protect the public, to prevent runaway markets.
 "The senate investigation of the Hoover crash will be mild compared with the next investi- gation. And you'll be the star witness. They'll say: Just where were you, MT. Meehan, when such -and-such stocks Sky-r0ck- eted? Was it not your job, MT. Meehan, to be in charge of the trading division? Were you not supposed to prevent pool opera tions? Just what, if anything, did you do about it?'"
 Not long afterward, Meehan re- signed. He is now occupying desk space in the office of George Breen, one of the fnanipulators of the famous Sinclair oil pool, which during the days of the Coolidge boom market netted the partici- pants a clean $12,000,000 without their putting up a cent.
 No Time to Shop
 Mrs. Roosevelt has a unique reason for having all her clothes made in New York.
 "It is not that the styles and shops of Washington are inferior" she says. "It is because I have more time when I'm in New York. Down here I never have rnin- ute."
 Easter Packets
 The Easter egg-rolling on the White House lawn has come to be a racket for youngsters under ten years of age.
 A rule exists barring adults from the grounds unless accom- panied by 8 child. This year scores of children did a thriving business as escorts for adults who wished to mill with tho crowds but had no child. The average fee charged with twen- ty cents. One boy made seven dollars.
 Another egg-rolling racket IS the practice of parents intention ally losing their children in the crowd to gain publicity.
 When @ child becomes lost it is taken to the steps of the executive mansion and held up before the entire crowd by & White House aide, who announces the child's name over the microphone. Then, breathlessly, the parent rushes to reclaim the strayed infant, and bows to the applause of 5000 onlookerS.
 Wrong "She"
 Dr. Leo s. Rowe, circunspect and completely moral director general of the Jan-American Union, was lunching with various ambassadors at the home of As- sistant Secretary of State Sumner Welles.
 The talk touched upon 8 trip Dr. Rowe had taken to the moun- tains of Bolivia, where he visited a village famous for the most beautiful women in South Amer ica.
 However, Dr. Rowe, who is slightly deaf, thought the con- versation still pertained to 8 trip he took up the Magdalena river to Bogota, Colombia, on a fine new passenger ship.
 How did you like those BOliv- ian women, dOctor?" asked the counselor of the Brazilian em- bassy.
 "Oh, lovely" replied Dr. Rowe. "She was very, very fast, and oh, we had q beautiful time. :"
 "Ahcm," interrupted host Wellcs, tell me, MT. ambassa- dor, what do you think of the Abyssinian situation?"
 Colorado Hole
 The withdrawal from the senate of crusading Edward P. Costigan of Colorado leaves a big hole in the New Deal political set-up. The president considered Costigan one of his staunchest friends.
 He is hoping. however, that Os- car L. Chapman, assistant secre- tary of the interior and Costigan's political manager, will enter the Colorado senatorial primaries.
 AS chief sponsor of the grazing act, Chapman has a big following in the Rocky Mountain states. In Washington, he was 8 regular guest at the Roosevelt Sunday night suppers at which Mrs. Roosevelt scrambles eggs. Only the intimates arc invited.
 He was also one of the few bright young men of tho New DEE THP RECORn