The Waterbury Democrat., 1939-03-09

United States.
 All of his colleagues were lined up in the order of their precedence, ready to file into the Diplomatic Gallery of the House. But the name of Ambassador de los Rios was not called. He was not on the list.
 Finally, as all the diplomats were lined up, and the Spanish ambassador stood flushed, em- barrassed and completely alone, Counte de Saint-Quentin, kindly French ambassador, beckoned and made a place for de los Rios just ahead of him in the line.
 Many people thought that the State Department had discrimin- ated against the Spanish ambas- sador because his government was on the wane. They interpreted this as an indication that Franco would soon receive American recognition. Actually, however, de los Rios forgot to accept the Congressional invitation, which was why his name was omitted.
 NOTE-It is unlikely that the State Department will be in a hurry to recognize Franco. It would look too much as if they were rushing in to ape the Bri- tish, a criticism which has been justified in the past but to which the State Department is ex- tremely sensitive.
 NO LOST TIME
 The stock exchange boys have lost no time in taking up Harry Hopkins on his announcement that the Administration wants to play ball with business.
 They have organized a nation wide movement among brokers and investment bankers to make the SEC loosen up its regulatory powers so once again they can play bulls and bears at the eX- pense of the public.
 First gun in this drive will be
 fired next Monday when brOk-
 CTS and investment bankers
 from .all over the country meet
 in Washington to formulate a
 program for Liberalization" of
 the stock exchange and securi-
 ties laws.
 A leading undercover force be- hind the movement is J. P. Mor- gan and allied interests. Morgan, Stanley & Co.,, investment bank ing offshoot of J. P. Morgan & Co.,, has published a pamphlet urging various changes to make things easier for brokers; and John Hancock, partner in Leh- man Brothers, has been made chairman of committee to frame SEC changes.
 Chief targets of SEC enemies are: CD Section g, which prevents secret pools and stock rigging by insiders; (2) the SEC requirement of registration statements before new stock or bond issues can be floated; (3) the provision requir- ing 20 days after an issue is regis tered to elapse before the securi- ties are put on sale. The boys want that time limit removed so they can float stocks again over- night.
 UNDER THE DOME
 "The Strange Death of Adolf Hitler" is being avidly read, but not believed, in Washington <. |. Brazil is spending $8,300,000 for U. s. materials shipped to Rio to build three deStroyers |. The ruction here over refusing public auditorium to Negroes Marian Anderson has started a move to put up Federal Theater building, free from racial bans. ... When Indiana voters turned out Rep. Finley Gray, they elect ed his antithesis to replace him. Gray was long-haired, garrulous, and 8 Democrat. Raymond F. Springer is an ex-football star, tight-mounted, and a Republican IVA Is proud of boosting sales of curling irons and refrig- orators. In 1889, householders using IVA power bought $2,O00,- 900 worth of electrical appliances. RELIGIOUS LAWYERS
 Two of the most devout re- ligionists in government circles are Attorney General Frank Mur- phy and Judge Harold Stephens, of the Court of Appeals of the District of Columbia.
 Both werk long hours, Stephens seldom leaving his office until r>srly midnight and Murphy sometimes working in his hotel