Word: maloneys
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...Securities Exchange Act of 1934) it daily watches fluctuations in about $150,000,000,000 worth of stocks and bonds listed on 20 U. S. exchanges, can stop trading (for cause) in any one of them at a hat's drop, has done so 18 times. Under the Maloney Act (1938) it has additional authority over some 80 billion dollars' worth of securities not listed on these exchanges, watches their brokers regulate themselves. Under the Chandler Act (1938) it has loud kibitzing powers over corporate reorganizations, has watched the progress of 548 companies with pre-bankruptcy assets...
...brain trust, to David Lloyd George, on June 10, 1919. The letter, instantly spotted as a fake by scholars, proposed a fantastically detailed program for making the U. S. once again a British colony. The letter had been traced in 1920 by Congressional investigators to one Dr. William J. Maloney...
...vacancies on the omnipotent Ways & Means Committee, the Democratic House Caucus voted most heavily for Representative Milton West of Texas, non-New Dealer, good friend of Vice President "Cactus Jack" Garner and successor to his House seat. The other three fillers-in elected were New Dealers: Louisiana's Maloney, Pennsylvania's Boland, Illinois' McKeough. Conspicuously not elected to the Committee was a self-proclaimed candidate. Wright Patman of Texas, author of Bill No. 1 on the House calendar, to tax chain stores out of existence...
...Effected regulation of over-the-counter security trading after three years' study by SEC. Passed by Congress just before adjournment was the Maloney bill granting SEC indirect control over 0-T-C trading through dealers' associations. The 9,000-odd active 0-T-C dealers are supposed to band together in geographical groups, draw up rules, elect officers and police themselves (all subject to SEC approval). If SEC decides that this has failed to prevent manipulation, excessive commissions, other unfair practices, it may step in. Though last week's act exempted dealers in Government, State and municipal...
Vain were the efforts of Senators Hale and Maloney to forbid the use of PWA money to build plants competing with private industry (see p. 59), equally vain Senators' attempts to earmark money, for rivers & harbors, flood control, or PWA projects already approved. The President in a letter to Colorado's Adams, used the magic word "Emergency!" The money must be spent quickly, he said, to bridge the summer gap before private industry can begin adding to its payrolls in the winter. This reasoning defeated also a provision to have the spending spread over a full eight months...