The Waterbury Democrat., 1936-03-19

0ASSAS O@@AA@S S~A@Ne - @s@S~Ss S@ ened many a political attacl But Senate Progressives say Jesse will have to do a lot of smiling to cover up his latest ap- pointment.
 Here is the reason:
 The Frisco Railroad is one of the few companies which has de- faulted on it's payments to the REC. It is paying neither prin- cipal nor interest. Despite this, Jesse has appointed a direstor of the Frisco as head of his REC railway loan division. Among other things, he will pass on the Frisco loan.
 Frank c. Wright, the new ap- pointee, is unique in two other respects. Although occupying an important government position passing on railway loans, he con- tinues to be an official of the Bangor and Aroostook Railway. Bankers Representative
 Furthermore, while he served as director of the Frisco, Wright represented the banking firm of Lee, Higginson G Co.
 Lee, HigginsOn held . large interest in the bankrupt rail- road, and minority bondhOlderS made sensational charges of iHn- proper diversion of earnings to the majority holders.
 The entire question was aired before the Securities-E Exchange Commission, which, however, had no power other than to expose the situation publicly.
 The bondholdlers then asked Jesse Jones, as a major creditor of the road, to cooperate with them. But he refused.
 Now Jesse has gone one bet ter. He has placed in charge of railway leans the man who represented Lee, HigginsOn on the Frisco R. R. board of direc- tors.
 Missouri Dog
 A vaudeville act was staged on the floor of the House the other day when Townsendite Congress man Werner w. Main of Michigan protested against allotting $50,- GOO for the Townsend investiga- ton.
 Waving his arms wildly, Main shouted: "The Bell Committee comes seeking 6 loan of $50, GOO. The chairman of the committee comes from Missouri, state that specializeS in dogs-hound dogs that howl. The gentleman from the 1lound-dog state seeks a boon of $5O,000.
 ''Mr. Speaker, the proposed appropriation is one of the finest examples of bo0ndoggling that has come to the attention of the American C0ngress!"
 Here the gavel fell. His time had expired.
 Main turned from the rostrun, bent over as if calling a dog, and proceeded whistiling up the aisle. Between whistles, he called: Come Boon, Come Boonw
 Then he broke into song: Come along, little dOggie. come aI0ng!"
 After which the House voted against him and for the Town send investigation by an over- whelming majority.
 Far-reaching Decision
 The Supreme Courts next major decisicn-on the constitutionality of the Guffey Coal Act-will de. tedmine more than just the future federal regulation of the coal in- dustry. It will vitally affect the plans of several other key indus tries--oil, textiles, lumber, steel.
 Should the Guffey Act be up- held, these industries plan to seek legislation similar to the coal measure. It is entirly pos sible that the present session of Congress may be prolonged to rush them through. The oil and textile industries already have their bilsl drafted.
 On the other hand, negative action by the Court will spur the drive to limit the number of working hours per week.
 Thirty-H0ur Week
 Chairman William Connery, Jr., of the House Labor Committee, is marking time on his 30-hour bill pending the outcome of the Guffey Act. The Senate has voted favorably on 8 30-hour measure, and Coanery says he will press immediately for a vote in the House if the Supreme Court throws out the Guffey Act.
 Government attorneys in the case are hoping that, regardless of what the Court rules, 1t wil lay down some definite general rules as c guide to the tangled skein of Industrial regulations. The Court did not do this in the MIRA decision.
 Assistant Attorney General John Dickinson, in his three hour argument before the court during which he was paid the unusual honor of not once being interrupted-pleaded strongly for such g Justification.
 Tt is strongly to be desired" he urged, "that the powers of the government to permit positive acc ton to prevent industrial chaos be clearly defined. In the past such chaos has necessitated mili-