The Waterbury Democrat., 1937-09-07

AaA NSSSSSAe |.'
 To ward off the usual deluge of invitations and political con- lectures, doubt Is still being cast on his plans. But privately he is all set to make the tranSconti- mental trip. The only thing that could keep himfrom doing 50 would be e development In the Far East making 1t imperative for him to remain In Washington,
 Great efforts will bc made to minimize the political signlfI. canoe of tho junkct. Tho Prcsl. dent will insist that hls primary object Is to visit his only daugh. ter, Mrs. Anna Dali B0ettlger, in Seattle. However, it Is . safe bet he will make several, or more addresses while cnr0ute. And with the political situation what it is, anything hc says Is sure to have political lmpllcR- tlons.
 Certainly anti-Administration Democrats through whose states he travels will he aeuteiy alert for any hostile gesture toward them. In political circles there !s much lively conjecture over what tho anti-New Dealers will do about visiting his train
 Some of tho politicoS arc of ferlng wagers that the boys, de- spite their strong personal anti- pathy, will be on hand when Roosevelt rolls Into their bali. wieks. It will be interesting to geo just what they do,
 Life Begins
 Here Is e cheering word for wo- men over forty. ..
 As reported by The Democratic Digest, Mrs. Roosevelt, ia response to 6 question whether young wo. men arc more capable of hold ing business positions than women over forty, replied;
 "I certainly do net think 50. Women over forty should have acquired experience and be more valuable, aS Iona as they retain their health and ability to adapt themselves to working with other people, # necessary even to work In new ways"
 Securities Act Joker
 The Securities and Exchange Commission has given a new twist to the old adage, "Therc k moro than ono way to skin . cat"
 Contrary to general belief, the SEC has no authority to compel q company to modify It's financial policies or cease practices the commission considers unsound. A concern can do practically any, thing 1t wants aS long as it re. ports It's activities in the regis- tration statement that must Dc filed with tho SEC to float on is- sue Of stock or bonds. I
 The only weapon the c0mmls. sion has k the power Nf publlci- ty. That would bc ample # in- vcst0rs could easily understand tho complicated registration statements. and also take the trouble t0 read them. The difficulty Is that they can't and don't.
 To offset It's lack of regulatory power, the commission has quiet- ly been taking advantage of Q little joker hi the securities Act to protect Btockholder interests. An illustration of how this indirect strategy works is the case Of the Ohio Public Service Company.
 Useful Amendments
 On August the firm filed . statement with the SEC for a S32,000,0 900 security issue. Under the law twenty days must eiApSe before c registration can become legally effective. ,itA s,lfi q,
 From time ta time between August { and 24. the utility filed with the commiselOn certein amendments Co lts original statement. These changes were made In the belief that they dld not affect Che s0.day time limit,
 Ordinarily, that is tho practice of the SEC, But what tue cofii- pany did not know was that the