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Show Senate Panel Puts SEC Chief On Grill ... Nothing Cooking V.illiam S e n. Proximire, admitted today that two lengthy hearings involvHamer H. ing Chairman Budge of the Securities and Exchange Commission (SEC) have disclosed only what everyone knew- - before the in- quiry started. The latest hearing was a five and hour session Mondaysduring which one senator dozed, others walked out and the official reporter broke a protocol by demanding one-ha- lf break. Budge, a former Republican congressman from Idaho, was promoted to SEC chairman by President Nixon this year. In June, the Investors Group of Mutual r unes UUMf ) ottered him its presidency at $80,000 a year. I received the offer and I considered the offer. Budge said. tory agencies to the industries with which they deal is well worn. But the Budge family likes Washington, he said and the job was in New York. He turned it down, eight days after receiving the formal bid. Six weeks after the firm first approached him, a subsequent offer, with sweeter fringe benefits, also was rejected. E x h a ustive testimony Monday and last Wednesday as well turned up no indication that Budge did any f?"ors for the firm that offered him the job. The subcommittee planned to meet privately, however, to decide whether it should give its records in the case to the Justice Department for an investigation. Considering the offer made by a firm subject to SEC regulation was a "serious error in judgment Proxmire said and maybe even a violation of law. If so, Budge replied, scads of federal officials sin each year since the path from the federal regula- - Sen. Harrison A. Williams, chairman of the Senate security subcommittee which held the hearings, supported Proxmire. Proxmire reminded the group of PresiNixons controversial dent campaign letter to stockbrokers last year. Republican, John Sen. 0 "Time changes what only a few years ago was your future now is your past." Time Pay-U- p . ings by a subcommittee postal operations. -C- should pass a out in detail what constitutes obscene mr.il, the chairman of the House Post Office Committee said today. Sparkman, chairman of the parent Banking and Currency dozed at 11:23 Committee, a.m., 11:48 a.m. aand 12:20 p.m. and finally left for lunch. He told a newsman the case against Budge was nonpartisan but pretty thin. (AP) .n"i'ess Bennett criticized Proxmire as one who pushed for this inquisition. Tuesday, August 5, 1969- DIAMOND RING WASHINGTON (AP) Rep. Seymour Halpern, third on the ranking Republican House Banking and Currency Committee, says he will liquidate his assets and pay debts to several banks. Helpern, 53, said Monday he had done no wrong but was moving to pay the bank loans to avoid any conceivable suggestion of impropriety. His bill, cosponsored by sevCommittee members, would p ohilrt mailing to anyone under 16 any material depicting or describing nudity, sexual conduct or sadodemasochism in a way signed primarily to appeal to the orurient interests of the viewer. The bill defines nudity, sex-a c o n d uct and abuse in some detail. u of mailings into homes where there are minors, mv bill has spelled in out For Solon matter graphic quite $l on eral The problem of pornography has been with us for years, but control of smut mail has been aggravated in recent years by various court decisions. said P.en. Thail-deu- s J. Dulski, In the - YOUR TRADE-I- FOR A BRAND NEW WASHINGTON' Sens. Wallace Bennett, Utah, and Edward M. Brooke, Massachusetts, defended Budge. If Chairman Budge had a hand in the cookie jar, lets say so," Brooke said. "But in this instance we have failed to find a case. So let's not talk about bringing the Department of Justice into it. 3' DESERET NEWS, 'Definition' Urged For Obscene Mail if Mb Some people like our 5 certificates . . A COUNTRY SAGE lan- The special prohibition on mailing obscene matter to youngsters would be added to existing legislation which prohibits mailing of smut material to anyone protesting to the Post Office. guage so there cm be no doubt at all exactly what we mean in this legislation as being obscene." Dulski was the leadoff hear- ness at CONCRETE EMBASSY ALSO TO GETTING YOU DOWN? Tbit tho tcientificolly designed moo walking on concrete. I 1300 97 Tour diamond is worth full cun. rent value toward magnificent new Keepsake . .. for i light weight All Day Comfort The New York congressman has been the center of controversy since the Wall Street Journal said last week he has debts of more than $100,000, including sizable loans fiom several banks. tixot 52035 RED 4-- - At0 D'ft.k Shoot Catuolt omt loon WING SHOE STORE 4371 So. 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