| Show THE TilE DAILY WASHINGTON M Round e err r r 3 G o 0 R o 0 u 11 9 n d do o Trade Mark MarkBy MarkBy By DREW BREW PEARSON and ROBERT ALLEN V WASHINGTON The The ASHINGTON-The The Wall Vall Street drive against the securities act has not abated a bit But as congress draws draw toward its close the fight has taken a more subtle turn The latest was a move moyo made through the unsuspecting and sometimes slightly gullible Henry who while heartily for or the securities act doesn't want to see sec the flow of private capital curtailed So last week Young Henry invited Senator Senator Senator Sena Sena- tor Fletcher Rock-of-Gibraltar Rock chairman of the banking and currency committee to lunch At lunch also were various New York bankers The strategy the bankers outlined briefly was this To relieve underwriting houses from any liability under the securities act This would mean that a big underwriting house as for instance J. J P. P Morgan Co would underwrite an issue but not distribute it The distributing houses would be liable for losses under the securities act but not the underwriting house The catch however is that salesmen n of the bonds immediately would whisper This is underwritten by the House of Morgan which might carry real weight Old Senator Fletcher listened carefully to the plan proved the granite wall he has been ever since the banking investigation started He said No Lucky Break Roosevelt's friends view the Literary Digest poll as about the luckiest thing that could have happened to the new deal Those friends who have their ears to the ground are convinced convinced and and it looks as ns if they are right that rIght that Roosevelt still has overwhelming overwhelm overwhelm- ing lag support throughout the thc country He may have slipped sUpped a little but not much The Digest poll began by showing this and chances are arc it will continue to do so With such concrete evidence before voters and candidates this fall a big boost is given to the thc campaign slogan of Support the Pres Pres- ident Most politicians are arc sheep They go with the flock Sissy Speaking of ot chips from the old block consider consider consider con con- sider the case of Eugene Vidal Jr year old son of the commerce department director of aeronautics Since Eugene was 4 years old he has been flying in airplanes but never has his father been willing to do any stunting with him However However However How How- ever at the ripe old age of 12 he finally persuaded persuaded persuaded per per- Director Vidal that he was old enough to try some fancy stuff They went for a a brief hop over nearby Virginia did some minor maneuvers Young Eugene came back looking blase Fred Roper son of the commerce department secretary asked Eugene junior whether he had done a vertical turn You mean that thing where you turn on one side inquired the youth Sure but that's nothing I tried to ge him to fly upside down but he wouldn't do it Then very cry confidentially I I think dads dad's a sissy Issy Note Vidal Note Vidal Sr is a veteran army air corps pilot once flew the airmail and is a stunt flier of no mean repute to t. Practical Experience Professor Willard L. L Thorp is thinking of getting some practical experience Alleged lack of this quality is the reason given m iven by senate Democratic patrona patronage grabbers grabbers e-grabbers for causing the president to Jo withdraw the Amherst Amherst Amherst Am- Am herst economists economist's name as director of ot the bu bureau bureau bureau bu- bu reau of ot foreign n and domestic commerce Joking with friends about his Washington adventures Thorp remarked I think Ill I'll go back and go o into the saloon business That should furnish me mc with the thc right kind of practical necessary to meet senatorial objections 0 11 California's congressional delegation is buzzIng buzzing buzz buzz- ing with a story of an alleged Republican plot revolving around Senator William Villiam Gibbs McAdoo Mc- Mc Adoo During McAdoo's McAdoo recent illness he Isnow is isnow isnow now well on the road to recovery certain C Cali Cili- li fornia Republican moguls got together and de decided decided de- de that in the event of McAdoo's demise they would propose to Rep Republican Governor Rolph that he name movie magnate Louis Mayer to o the vacancy Mayer a stron strong led the presidents president's forces in California in inthe inthe inthe the disastrous 1932 campaign Friends of Comptroller of the Currency Jetty OConnor O'Connor are arc still joshing him over overa a recent embarrassing experience he underwent in Jackson Miss Jetty and R F Fe C Chairman Chairman Chair Chair- man Jesse Jones were speakers at a large arg ar e gathering in the he southern city with Jones as ns the first orator Jetty didn't arrive until after Jesse finished When he unfolded his manuscript and began bogan speaking the startled audience discovered that it was WilS word for the same speech Jesse Jese had just made Botn officials got their addresses from the canned- canned speech factory of or the Democratic national com co- IOU 1034 b by United Syndicate Inc |
