The Waterbury Democrat., 1938-12-23
By EDWARD J. RYAN

In good, old Connecticut, a state known far and wide as the State of Steady Habits" (are you laugh ing), exposure is close following exposure, scandal is following scandal, and investigation is fol- lowing investigation.
 First it was the revelatio which were uncovered by grand jury in the Merritt Parkway and the manner in which the land was purchased for the light of way for that parkway that shock ed the people of this state. Then it was the Waterbury case, in which a grand jury investigated alleged charges of conspiracy to defraud the city of Waterbury of over one million dollars. But even before these cases there were rumblings, (but which never have come to an official headO involving the Windham County Home, and before this there were ugly rumors concerning the building of a new state police barracks in the city of of Hartford.
 NewSpaperman'S Dream
 All of those cases have however, been pushed into the background, for now Connecticut is being treat ed to a real honest-to-goodness expose. One in which millions of dollars have been stolen, fake stocks and bonds peddled of on to an unsuspecting public. The expose of which write natural ly concerns the story of the cen tlIry. The kind of a story that newspapermen dream of, but rare- ly see actually happen, not in real life, anyway.
 This latest exposure not only shocked the state of Connecticut, but it shocked the entire country, for the stocks of the company involved, the McKesson and Rob- bins Drug company, were sold to people in all walks of life and in all parts of the country.
 This investigation into the fi- nancial affairs of the drug con- cern and the fantastic, incredible Coster-Musica story of scrambled millions and juggled figures were the direct cause for the blowing of of the lid of this modern $20,- 100000 Swindle.
 Linked into the case will be number of Connecticut residents, some of them who are politicians, others who are not. Thus, it is that a number of our residents are not sleeping well these nights.
 Heading the list of these who will be asked questions, and point ed questions they will be, are Harry E. Mackenzie of Bethel, long recognized as a powerful lobbyist for the Republican party of Connecticut Another will be former National Committeeman Archibald McNeil eof Bridgeport. Both these men have represented the firm of McKesson and Rob- bins and received handsome fees for their services.
 Unlucky Investor
 The state of Connecticut (The State of Steady HabitS) is in for widespread investigation and it is more than likely that more Connecticut people will be added to the list of those who have been asked questions.
 The unlucky persons who will lose their money because of the fantastic manipulationS of this Swindle include hundreds, perhaps thousands, who can ill afford to lose it. But from all the horrible mess come some startling clear facts. Facts which if graSped by the authorities will prevent such a reoccurrance in the future.
 Here are the facts as they stand ... There is drastic need for strict regulations governing the accounting and auditing of corp crate records. The securities and exchange commission must be given greater power, greater juris- diction than it is at the moment If the public is to be protected from interruptions SWindling methods as those engineered by Coster or Musica Gas you wilD that protection must come from strict law enforcement and reg ulations by the government.
 The SEC. should have com plete control over every account ant and auditor, as well as every corporation which offers its stocks and bonds to the public. Every accountant and auditing firm at testing to the financial standing oi such a firm should come under strict regulations set forth by the government.
 Made to- Order Audits
 Another fact made clear to the ] people of this country is that |