Show p INSIDE 1 STUFF By y PAUI MALLON l t W WASHINGTON April The H-The trouble With this adminIstration is isit Jt it has no romance can be no doubt about that In view of what has happened on the Inside to cause this current con flurry turry against the securer secure r act N Names mes cannot be used usei and ti figures ures must ut be slightly disguised in order t to tell the thc whole story in prin but the facts are arc guaranteed They cen t r around a crowd of red blooded adventurous oil prospectors the kind who can drill a hole in your pocket even I it if you ou wear iron trousers 3 These boys prospected the safety deposit boxes and Administration old socks around Simply L Lackin the country and de I In Romance c ded there was too much hoarding They agreed to remedy the situation situa situa- tion by selling some stock at 35 cents on t e not as a business of course but just because in inthe the spring a prospectors prospector's fancy always al al- ways turns to thoughts of oC selling tock stock f The proposition was placed before the federal trade commission The prospectors pointed out that the thc corn com pany was capitalized for meaning shares of stock at 1 par value Just as when knighthood was in flower the big nature lovers were g going ing to let the public In not on the ground floor but two basements be low at 35 cents a share ot Of all the new dealers the federal trade commissionS commission Commission ers are arc the least I Has Bas Soul of romantic They be j be-j Faro Dealer gan to ask ques which led lcd IOme Fome ot of the commissioners to under under- stand that the oil property behind this venture originally had been bought for The commissioners ners were in doubt as t to the actual present value ot of the property but at least one of them fig our our-cd ri ta e ec c company contended the he property had hada a book alu of a half million An stock issue on on a property considerable romantic ro- ro mantle mantic faith and it soon became evi dent to the promoters that the com missIoners had nc no poetry in their souls a An adjournment of the thc hearing was asked ked and the romanticists dashed up to congress where sentimentalism usually Is rampant in an election year such uch as this There they found sym sym- sympathy pathy and understanding Certain congressmen whom hom they interested in in- in the subject called a meet mcc- ing Some of the thc federal trade commissioners com corn corn- missioners were invited to attend One did The others declined At that meeting it was agreed that the congressmen and the commissioners commission commission- ers could never agree on how much imagination there should hould be in cap cap- capital ital stock One congressman bluntly said as much and accused the corn com missioners mission rs of being phlegmatic mate mate- That started the tight fight which has been leen going on ever since Those who know say there will be bean bet t an amendment to Insiders See the securities act Modification of modifyIng the Iia ha- Securities Act section But Butr r no two will agree agre the wordIng of a specific amend amend- I m ment t The liberals who wrote the act are I I I strongly against repealing the clause entirely They do not mind exemptIng exempt exempt- Ing corporation officials who make excusable mistakes in filing state ments with the commission But they are dead set against weakening the I act by repealing the whole section They want to make culpable corporation corpora corpora- tion HOIl liable for misstate misstate- I That is no not as cas easy as it sounds The whole theory of the act lct is at t stake inthe m in the wording ot of the I I II Those who attended that Wirt party out lout in Virginia say it was the dullest rag chewing session the thc parlor pinks have bave ever held The Thc week before belore the same a e. e crowd had a fine time be- be Wirt's Party cause there were wele as no present ul Affair and nd they had aI a I I chance to get in a avord vord of their own Present on that occasion was WilS a diplomatic t tive of a foreign country countr whose face turns crimson even n nOW w wIth the thought of ot what would have hap hap- happened had a Wirt been present then thenIe Ie C d on Pago Two TTo INSIDE STUFF Continued from Pate Pace One and dragged his name to the front pages Dr Wirt really did not get Into the best revolution circles here You can get a more thrilling conversation in inthe inthe the parlors of any number of homes here every night However there Is no chance for him to get an invitation now S Ih The way the Young Anthony An An- thony advocates brain et al look at it it they are being deeply ma ma- They say privately that they are re the real upholders of the capItalistic capItalistic cap cap- system and point to the stock I market bill and securities act as proof Those two bills arc rounded founded on perpetuating perpetuating per per- the capitalistic and profits basis by sympathetic reform a I NOTES Some rich men are putting a 1 portion portion por- por tion of their wealth into small bulk collectors collectors' objects such as stAmps rare books etc These have an international in value the same as gold a aA A group ot of business men from the far west report that during theIr Washington vIsit recently their hotel rooms were entered and their personal person person- I al papers inspected It must have been an isolated incident because cause hotel managers say they have received re re- very few tew such complaints a a aOne One plan suggested to PresIdent Roosevelt by a topmost adviser is that he respond to busIness protests by announcing an an- complete abandonment of the N R A and R F C. C The Idea is that business would raise a tremendous howl and give the president respite I from further criticism 1 |