The Waterbury Democrat., 1938-10-26

share of the world market # it stood idly by.
 But Hull put his foot down. He was sorry about the surplus, but was not willing to abandon his anti-dumping principles to reduce it.
 The issue became hot. Finally the two cabinet members put Che matter up to the White House. The President agreed with Hull in theory, but saw eye to eye with Wallace on the need to get rid of the surplus wheat. So he ruled in favor of the subsidies.
 Later, when Wallace was asked if there was any conflict be- tween himself and the secretary of state, he replied sfnilingly, We are always in perfect harmony with the State Department"
 When Hull was questioned next day on the same point, he re- piled shortly, "Ie one Cabinet member has expressed himself on the question, that is enough" Unimpressed
 The State Department is not making the fact public but it has information that while Colonel Lindbergh may have scared the Cliveden set and Chamberlain ministers with his adverse report on Soviet aviation, one British leader was not impressed by his knowledge of Russian affairs.
 According to the private advices reaching the State Department, after Lindbergh had spoken his mind at the famed Astor estate ct Cllvenden on the Thames river, he was taken to see Lloyd George, who was very critical of the gov- ernment's policy on Czechoslova- kia. Lindbergh repeated to the former prime minister what he had said at Cliveden.
 Lloyd George listened in silence until Lindbergh had finished and then asked, Did you have c chance to talk to Voroshilov about this while you were in Moscow"
 "voroshllov? No, who k he?" Lloyd George smiled, replied quiet- iy, T thought you knew so much about Russia, coloneil Voroshilov is Soviet Defense Commissar and next to Stalin is the best known and most powerful man in Rus sIa."
 Unique Experience
 The Securities and Exchange Commission is enjoying Q unique experience.
 After being the target of Wal Street attack during most of It's existence, the commission is reyeliing in the thrill of watching two competing groups of brokers row among themselves over which should be regulated by the gov- ernment.
 The Securities Act directs the commission Co prescribe rules under which traders may "stab- ilize"-peg, to you and me-the prlce of stock issues that the bee Ing floated. The original bill prohibited such operations en. tirely, but the brokers succeeded in having it amended to permit price bolstering regulation.
 Wall Street has repeatedly cIamored for these regulations but every time the SEQ pros duced the proposal, it met bare rage of objections.
 Finally, several months ago. 2 set of rules was sent to Wall Street. Over-the.counter traders were very enthusiastic and recon- mended their immediate adoption. But the Stock Exchange hit the ceiling.
 "These rules would drivs us OEt Of business" the Exchange boys walled. "They regulate us but not Che over-the-counter traderB."
 The SEQ withdrew the draft and last week sent up another, applying regulations ot both groups, This time the Stock Ex- change was pleased. But not the oyer-the counter brokers.
 ~rhese rules will never fo.g they complained. sThey win hurt Our business. Why don't you just regulate the Stock Exchange9S
 The SEQ has sent word to both factions that unless they get to- gether without further delay, it will impose regulations without consulting either.
 Copyright, 1898, by United
 Feature Syndicate, Incl
 4 London theater Is nearing It's o0Oth performance of "SnoW White