Show THE DAILY WASHINGTON MERRY MERRY- ROUND MERRY ROUND GO Trade Trado Mart Mark By Drew P Pearson arson and Robert S. S Allen of ot and nd Authors Round Oo More Merry Merry-ao fern Round WASHINGTON The The secret drive of big business to kill the securities act is getting more intense What Wall Vall street wants to do is hamstring the act lct by eliminating the civil liability clauses As now written the act makes corporation directors executives even accountants liable for dama damages cs if it through misleading the public public pub pub- lic lie any investor loses money So potent is this propaganda that an ad administration administration administration ad- ad ministration committee has been set up very quietly to change the securities act and also alsoto alsoto alsoto to modify the bank deposit guarantees in the Glass bill Members of this committee arc John Dickinson assistant secretary secreta secretary of commerce commerce com com- corn com merce who once represented Sullivan and Cromwell attorneys for various Vall Wall street or or- or William Stanley assistant attorney general and Jim Farleys Farley's man at the justice department depart depart- ment A. A A. A BerIe Beric Jr member of ot the brain trust and expert adviser on banking tanking and railroad questions Arthur H. H Dean member of the firm of Sullivan Cromwell as an advisory member Their job is to kill the act as ns painlessly and quietly as possible COLONEL ICKES ICKES I II hear the governor of Kentucky is In n town looking for public works money someone someone some some- one remarked to Secretary Ickes the other day Wonder IWonder who the next Kentucky colonel will be mused the public works czar in reply Later in the day Governor Ruby Laffoon hearing of the remark said Wait till I get back back to Kentucky Ill I'll send Ickes a commission DEBT LOBBYISTS A A. revealing fact tact regarding the p payment of war debt instalments last June has just leaked put out much much to the irritation of French and British British Brit Brit- ish diplomats It seems that just before the June 15 pay payment ment was due it became known that Finland intended to pay in full It also was apparent that she was the only country that would So the British and French ministers to Finland Finland Fin Fin- land called upon the Finnish government and urged that it not set too difficult a precedent for fol the other debtor countries After considerable embarrassment the Finns ignored the advice They paid in full PRINCIPAL PAYMENT What the administration is aiming at in war debt negotiations is a British agreement to pay all the principal This totals something over Since half hal of oi f that already has been paid and since the dollar has now depreciated to around 65 cents the actual payment would approximate approximate mate something over in gold Treasury officials think the United States would be satisfied if it Britain paid the principal pal only Interest would be sacrificed as a contribution contribution con con- to the common cause They also think the British will accept this Certainly the British will never go higher Everything of course depends on the stabilization stabilization stabilization of the tle dollar OLD HAUNTS Public life lite casts an aurora over a wealthy man which he seldom can shake off no matter matter mat mat- ter how buffeted he has been while in office Many of them unable to pull their roots from the soil of f Washington come back here to live maintain offices offices' and representatives inthe in inthe inthe the nations nation's capital Andrew W. W Mellon although far removed at It present continues in closest touch with Washington Not only does h he be maintain his luxurious apartment on Massachusetts avenue but he keeps his fingers on the national pulse through two representatives They are Donald D. D Shepard Mellon attorney with offices in the Investment building David Edward Finley Mellons Mellon's intelligent and active assistant in the treasury and his secretary at the court of St. St James He has established offices in the American Security and Trust company where he can lo look k across the street to the treasury he once helped to govern MERRY ROUND MERRY When Governor Bob Gore of Porto Rico came to the United States recently he appointed appointed ap ap- ap pointed d 3 as as- acting governor Charles E. E Winter Vinter Wyoming congressman who c campaigned campaigned cam cam- m. m for in the last election S S SPat Pat Hurley Hurle famous for having had a Jewish Jewish Jewish Jew Jew- ish ghost writer produce his St. St Patricks Patrick's day speeches now says If I didn't have any anymore anymore anymore more brains than a ghost writer I would still be driving a mule in an Oklahoma coal mine One of General Johnsons Johnson's chief hobbies is maps He is especially fond of stud studying ing maps of the United States S S S Ambassador Rosso of Italy is an excellent connoisseur of wine But he has also helped to guide Italian destinies through many rivalries rivalries rival rival- ries with France Franc So at his table he serves not good French wine but Italian Asti ni m manti It could be better a S Pittsburgh's multimillionaire former mayor E. E V. V Babcock has offered to sell the government government govern govern- ment at a bargain price more than acres of land that he owns in the valley The property is the connecting link between the Great Smoky an and Cherokee national parks If the government buys buys' the land it will complete complete complete com com- ownership of more than acres in inthe inthe inthe the Tennessee valley Copyright 1933 by br UnU United d F Feature Syndicate Inc |