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Show Former Stock Exchange Head And Wheeler Clash at Probe WASHINGTON, Jan. 28 (UP) Chairman Burton K. Wheeler (D., Mont.) of ths senste railroad in-vestigating in-vestigating committee, clashed with Richard Whitney, former president oftheNe wYorlcitockexchenge, today over Whitney's obligations as exchange president. Nervously shifting In his chair, Whitney told the investigating committee com-mittee he did not "recall" ever having "studied or discussed" the problem of holding company dangers. dan-gers. "It seems to me," Wheeler remarked, re-marked, "that if I was a president of a stock exchange I would want to know what was going on. "It also seems to me that one of our biggest troubles today is that the heads of our big organisations, like the New York stock exchange, do not know what is going on in their organisations." Whitney said he was busy with "other things.? "If you have a good stock list committee and a good executive assistant as-sistant to the committee," he said, "there Is no need for the board of governors to study problems coming com-ing under their jurisdiction." Whitney, president of the exchange ex-change from 1930 to 1935 and a member of the exchange's governing govern-ing board since 1918, said he had "every confidence" in H. M. B. Hox-sey, Hox-sey, executive assistant. Houey who shared- -the-witness stand with Whitney, was revealed by Wheeler to have written a series of memoranda in 1926, just alter he was employed by ths exchange, BVKTON K. WHr.M.KK He'd Knew What's What warning against potential dangers of holding compsnies, particularly utility holding companies. |