Show REGUlAR REPORTS TO GOVERNMENT OffiCE I Commissioner Smith Believes Great Industries Can Be Brought Un Under Under Under der Federal Supervision t Washington Feb Joeb 9 That great inter interstate Interstate j state industries can be brought under permanent federal oeral ft supervision through a as I s sti m of regular reports to a federal ft agency in a ati nal effective way waL which will involve no drastic action n but on the contrary contra I will forestall It is the tIme con conclusion conclusion drawn in the annual report of Herbert Knox Smith commissioner of corporations corporation to the of com corn commerce merce and labor laborThe laborThe The Time report was is made public today lY will improve the standing of our corporate securities both lOth at home and a nd abroad Mr 11 Smith declares and will n ill help to give g e our business machinery that foundation of fairness s and openness and amid public confidence which It must mUt have if it i is to b Iw be a permanent factor actor in our advance It will bring together the government Id the thi corporate manager in conference and anti t while bilt one can serve to adjust continuously the complex and changing relationship between our busi business ness 11 forces and tOe public welfare elfare Mr lr Smith contends that already under publIc condemnation made possible by mets plainly plain stated great corporal abuses h ha hav i been abandoned lie He says Bays that a gigantic system of railroad rate discriminations have been wiped d away awa and numerous forums forms of commercial op oppression oppression diminished Corporate manag managers frs ers themselves says sa 8 Mr Smith are frankly frankl advocating a more open account accounting accounting ing lag |