The Waterbury Democrat., 1939-04-01

Now, however, Justice Stone is in a position to become the guide and leader. For with the confir- nation of William o. Douglas, two men who once occupied the posi- ton of teacher and pupil will sit together on the same Supreme Court dias. This is the first time in history that this has hap pened.
 Justice Stone was Dean of the Columbia law school when Bill Douglas, then a raw-boned, gang ling youngster from Yakima, Washington, one day walked in to see him. Douglas had ridden east on the freight cars, worked part of his way through Colum- bia law school, but in his last year his funds had run out. So not knowing which way to turn, Douglas stopped at the office of the Dean to ask advice.
 Dean Stone probably was the busiest man at Columbia. He was a member of a downtown law firm, taught several classes at the school, and as dean had 8 thou sand and one administrative de- tails to handle. Dougles was merely one of several hundred law students and relatively un- known to Stone.
 However, Stone saw him im- niediately. Most busy execu- lives would have given a young ster of Douglas type only five minutes. They would have fingered their watch and passed him off to an assistant. But Douglas has always remembered how Stone dropped everything and talked to him for two hours, as # the question of his re-
 maining in school was the most important question in the entire
 University.
 Stone told Douglas that he also had faced financial problems when he was a law student, and that he finally went back to teaching in Vermont until he could save enough money to return and take his degree.
 In the end, Douglas decided to follow Stones example, found high school teaching job in Plain- field, N. J. Just before leaving Columbia, however, he dropped in at the university employment bu- reau as he had a hundred times before without success. But this time he found an application for a ghost writer to help prepare a book on law. Douglas got the job. It paid him $500 and per- mitted him to continue at Colum- bia. This was one of the turn ing points in Q career which even- tually was to land him beside his teacher. Dean Stone, on the Su- preme Court.
 TWIN TRUST-BUSTERS
 In the years that ensued. the gangling youth from Yakima who poured forth his troubles in Dean Stones office has followed many of the percepts of his teacher. And his teacher. in turn, has been following the path blazed by Holmes and Brandeis.
 Stone, as Supreme Court jyIs- tice, has been cracking down on corporate officers who award to themselves large bonuses from corporate funds without the as- sent or even the knowledge of their stockholders" and upon reorganization committees cre- ated to serve the interests of others than those whose securi- ties they control" and finally upon "the towering edifice of business and industry ... that seemed to De the impregnable fortress of . bOasted civilixa- ton, but which has developed unsugpected weaknesses.D
 These words of Stones have all the ring of his old teacher, Jus tice Brandeis, in "Other Peoples Money" And translating those teachings into concrete action, Bill Douglas, as chairman of the Securities and Exchange Coninjs- sion. jailed Richard whitney, cracked down on corporate bcri- uses, and exposed the "unsuspect- ed wcakncssess in the towering cdiflce of businesss.
 DOUGLAS OPPOSES STONE
 No two men could have coIn- plemented each other more per-