The Waterbury Democrat., 1938-06-06

SCOck EXClduRe. USually LII
 Now, however, the Rockefellers have a man among the candidates for Car of the Exchange who has a good chance to get the job.
 He is Ernest M. Hopkins, presi- dent of Dartmouth college, and one of the leading educators of the country. The link between Hopkins and the Rockefellers lies in his membership in the Rocke- feller Foundation, also in the General Education Board, power full endowment organization con- trolled by the Rockefellers.
 Hopkins is man of great courage and conviction, but his connection with the Rockefellers, even though indirect, may cost him the job.
 The young group which now dominates Wall Street is deter mined to clean up the Exchange and they are just as serious
 (almOst as fanatic) about it as Franklin Roosevelt is about putting across his New Deal program.
 NOTE-One thing is certain: since the Dick Whitney fiasco, the Morgan firm will not domin- ate the N. Y. Stock Exchange. Another Wall Streeter
 Another candidate for the Stock Exchange presidency to keep your eye on is astute, quiet-spoken Leo Crowley, head of the Federal Deposit Insurance Corporation.
 HE IS THE NO. CHOICE of certain potent Wall Streeters who consider him particularly fitted for the job, as an experienced banker who is aslo a shrewd politician standing ace high with the President and the Securities and Exchange Commission.
 Crowley has headed the FDIC since 1t was organized in 1883. A Milwaukee banker and big-gun Wisconsin Democrat, he lined up for the President before the Chi cago convention. Both in 1882 and 1886 he was Jim Farley's right hand lieutenant in managing the election in the Middle West.
 In Washington, Crowley hasn't always seen eye-to-eye with New Deal fiscal policies, but he has kept his personal opinions to him. self and publicly has gone 100 per cent down the line for the Ad- ministration.
 At Home
 Standing out vividly against the silky green covering of the long couch against the wall to the left of the Presidents desk in the executive offices, are 8 pillow and lap robe made of brilliant-hued leopard skin. Both articles are fayorites of the President. They give a unique touch to the his- toric chamber.
 Abroad
 The car used by the President during his sightseeing trip at Arthurdale, w. Va, was the spe- cial auto recently built to Secret Service specifications. Equipped hidden gun racks and a tWo-way radio set, it was driven to Arthur dale In advance of the Presidents arrival by 8 White House chauf- feur and a Secret Service man.
 NOTE - Pointedly omitted from the Presidents laudatory references to the West Virginia Congressional delegation was the name of buck-toothed Senator Rush Holt, truculent New Deal bolter.
 Judicial ShutOut
 The Supreme Court hung up one record during its recent term. It passed on fourteen rulings of the U. s. Third Circuit Court of Appeals in Philadelphia and re- versed every one of them.
 For the Supreme Court to up- set a lower court decision is not unusual, but for it to reject every decree of particular court is new 1n Judicial annals. Some of these reversals were of national im- portance.
 Chief among them was the Pennsylvania Greyhound Bus case in which the Supreme Court upheld the right of the National Labor Relations Board to outlaw company unions. In this decision, Justice Stone not only slapped down the Third Circuit Court but shaprly criti- cized it for delaying action on the case for "one year and two months"
 ANOTHER MAJOR REBUFF was the Supreme Courts extra ordinary order for the lower bench to vacate its injunction, prohibit ing the Labor Board from re- opening its case against the Republic Steel Corporation.
 A THIRD WAS THE RULING freeing the Federal Power Com mission from restraints imposed on it bV the Third Circuit har