The Waterbury Democrat., 1939-06-05

summer vacation.
 While his eight colleagues wind up the Courts work by handing down long list of decisions, Mo Reynolds will be taking things easy 600 miles away in the town of Elkton, Ky, his birth place, wis., iting with boyhood friends and his brother John, a San Francisco physician.
 The Court originally had fixed its adjournment date for May 29. But under the pressure of an ex- tra heavy docket, Chief Justice Hughes added another week to the term in order to clean up m- finished cases.
 Meanwhile McReynolds had ar ranged a reunion in Elkton and refused to change his plans not withstanding the uncompleted calendar. He sat with the court May 29, but next day packed his bag and started on his vacation while his colleagues remained at their desks.
 McReynolds will return to Wash- ington after his Kentucky visit and occupy his bachelor apart- ment in the Capitol for 8 while. He has informed intimates he will not go to Europe this year because of unsettled conditions.
 ABNER'S AUTO
 Sauntering out of the club house of Washington's exclusive Burn ing Tree Gold Club, U. s. Treas urer William A. Julian spied Abr ner Ferguson, general counsel Of the Federal Housing Administra- ton. Four balls were lined up in a row before Ferguson. He was practicing putting.
 "Abner," challenged Julian, 'TIl bet you an automobile to \ nickel that you can't put one of those balls in the cup in one stroke"
 I'M take that bet, Bill" re- piled Ferguson.
 The first two balls missed but the third went straight to the mark. Julian groaned as Ferguson let out 8 whoop of joy.
 "Now remember, Bill," he in- sisted, you said an automobile. It's got to be a car that can come out here under its own power. You've got to pay that bet on the club grounds where we made it."
 Julian agreed reluctantly and the next day set out to pay his bet. Making the rounds of second- hand car lots, he finally found just what he wanted-a $15 jail lopy of 1925 vintage. For an ad- ditional consideration the dealer agreed to drive it out to the Club the following day.
 Just as the car reached the grounds, it expired. And there 1t remains, with sign attached by Julian, reading: "Won by Abner Ferguson for outstanding putting" NOTE-FerguSon has offered the wreck to the caddies.. They want it, but haven't the money to fix it up so it can be driven.
 WALL STREET JOY
 Wall Street was full of rumors last week that the Securities and Exchange Commission suddenly had surrendered. J. P. Morgan and partners, together with other high-powered money moguls. were not to be summoned to Wash ington to testify on investment banking before the Monopoly Committee, it was rumored.
 The report brought tremendous jubilation to Wall Street. New Deal regulation of the market. 1t was said, was finished. The good old Coolidge days were back again.
 To those on the inside, how ever, the jubilation was empty. It was true that certain witness ses were notified that they need not come to Washington. Among these was !. F. Morgan and company, Charles Mitchell, .ex- head of the National City Bank, who was sued for income tax evasion and is staging . come back as chairman of Blyth Com- pany. They had rented lavish suites in Washington hotels, and canceled their reservations.
 Rumor had 1t that there was e serious difference between SEE Chairman Jerry Frank and ST Commissioner Leon Henderson; also that Joseph Kelly, SEC ate torney. had resigned in protest over the delay.
 However. the Wall Street rumur was wishful thinking. For instead or dropping the investment bank