Word: billing
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Dates: during 1930-1939
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...Although Bill Douglas will not put his lanky legs on the high court's august desk or chain-smoke cigarets during hearings, he may often wish he could. That is the way he behaved in the chair of SEC. His care less clothes, sandy hair awry, speech plain as a pikestaff, are essentially characteristic of the young man who only 17 years ago herded sheep and bummed on box cars to get East for his legal education...
...Hutchins, now president of the University of Chicago, once called Bill Douglas the "outstanding professor of law of the nation." Douglas wrote a textbook and taught three courses to earn his way through Columbia Law School, was graduated No. 2 in his class. For two years with the high-powered Manhattan firm of Cravath, de Gersdorff, Swaine & Wood he threaded the jungles of corporate law and finance. He went back to teach at Columbia, was called to Yale where he became Sterling Professor, declined an even finer chair at Chicago, went to SEC in 1934 on Joe Kennedy...
Reformers such as the Nation fear that Bill Douglas is too conservative because he does not believe that high finance, even when honest, is still "the art of getting something for nothing." Wall Streeters, however, believe that he inherited more than enough righteousness. Last week, for example, just when the stock exchanges thought they had him all lined up to relax the rules about trading by "insiders," as SEC's contribution to "appeasement," he sharply called their report "a phoney...
Court. His pretty wife, Mildred (Riddle), is his boyhood sweetheart from La Grande, Ore. She tends their two children, Mildred (9), and Bill Jr. or "Bumble" (7), with only the aid of a colored house man named Rochester at their roomy, rented home on the edge of the city. Besides work he likes golf, bridge, wild life and sunsets...
Last week Labor took a beating from the Army. At the emphatic demand of Secretary of War Harry Hines Woodring (and after a talk with Franklin Roosevelt), House & Senate conferees on the Army's pending $366,250,000 rearmament authorization bill dropped an amendment tacked on by Majority Leader Barkley. The Army opposed it and Labor wanted it because it would have kept any national defense contract from being awarded any bidder who refused to bargain with his workers collectively. Although friendly Senators offered to limit its effects to firms actually convicted of violating the Wagner...