The Waterbury Democrat., 1938-09-20

The Justice Department and Securities Exchange Commission are vigorously urging early ac- ton. Investigations they have undertaken are well advanced and they will be ready to hold public hearings by November l at the latest.
 Justice is working on glass pat ents and the oil industry, the SEQ on insurance companies and in- terlocking directorates. Both agen- cies have subpoenaed the records of large number of corpora tions and banks. Staffs of ex- perts are assembling evidence which eventually will be aired in public hearings.
 The other four departments par. ticipating in the probe Treasury, Commerce, Labor and the Federal Trade Commission--also have staffs working on special inves- tigations. But some of these agen- cies, plus certain congressional members of the committee, oppose public hearings this fall.
 Under their plan public action would not be started until Con. gress meets, then continued for several months until each of the six agencies had presented the cases 1t had prepared. After that a preliminary report would be made to Congress and addi- tional funds sought to continue the probe.
 The SEC and Justice Depart ment approve the latter sugges- ton, but they contend that the committee should start its bat- teries barking at the earliest pos- sible moment in order to demon. strate that 1t really means busi- ness.
 Prologuer
 One factor holding up a decision on this issue is the choice of an outstanding authority to open the hearings with a dynamic presen- tation of the monopoly problem and It's effect on the Nations economy.
 This extra touch was secretly agreed upon by the committee several months ago, but 1t is still ooking fqr the desired "prologu- err. So far the most favored is John T. Flynn, nationally known writer and lecturer on finance and business.
 Definition of a Statesman
 There is a young member of the Capitol force who apparently does not have . high regard for certain legislators. While on duty the other day he was ap- preached by Q group of role licking sightseers who asked him if he knew the definition for c statesman.
 "sure," was the prompt come. back, "a dead Tory Congress. man."
 NoTE-Most Capitol policemen are university students working their way through school. The jobs are patronage handouts. Ro0sevelts and Murphy
 The President has personally repudiated the undercover poll. tical nachcinations of his brother. in-law, c. Hall Roosevelt. against Governor Frank Murphy of Michi. gan.
 President assured him of whole hearted support and promised to do everything possible to help him get reelected. It was the Presi- dents intention to stop off in Michigan and put on a show for the governor on the way home from Minnesota, but the Eu- ropean crisis forced abandonment of the plan.
 If the international situation prevents the President from mak- ing O Midwestern trip later this fall, Murphy will be invited to spend e weekend with him at Washington df Hyde Park as c campaign boost.
 The lofty Committee on Pro. fessional Ethics and Grievances of the American Bar Association seems to be afflicted with a pee culiar case of myopia-near-sight- edness.
 Myopic Committee
 During the Ohio Repubh- can primary. wealthy young Robert Taft filed . complaint with the Committee that his rival for the Senate, Ohio su- preme Court Judge Arthur Day, was violating Canon 30 of the ABA's code of ethics, which pro- vides that If . judge should dee eide to become . candidate for any office not judicial, he should resign in order that it cannot be