Word: douglases
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Dates: during 1930-1939
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When Bob Hutchins became president of University of Chicago, he dubbed Douglas "the outstanding professor of law of the nation," offered him $20,000 to go to Chicago. Douglas refused because he wanted to complete his long studies in corporate reorganization and bankruptcy. A report he wrote on this subject...
But conservative traits can make as much trouble for Mr. Douglas as radical traits. For the SEC is a small bark tossed on a very angry sea of opinion and politics. On one side there is Mr. Kennedy who is. as the New Deal goes, conservative. He doubtless would not...
On the other side there is, within and without the New Deal, a vociferous and active group of financial reformers. If Mr. Douglas does not make Wall Street dance to his cat-o'-nine-tails, they will soon turn upon him as bitterly as they did on Chairman Landis...
What Now? Within the law there is little doubt that Chairman Douglas will do his job as rigorously as possible. Speaking for the Commission as its new chief he revealed the following immediate inten- tions :
About the current state of the New York Stock Market, whose six-week decline has been attributed by many to thinness of trading brought on by SEC regulation, Chairman Douglas dropped several broad hints: "From time to time we hope to be able to get at the root of market...