Word: reforms
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Dates: during 1930-1939
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...offices of Carter, Ledyard & Milburn, but that firm is prouder of the fact that in its 55 years as counsel to the New York Stock Exchange, it never lost a case. Neither fact, however, moved the Stock Exchange's Acting President William McChesney Martin Jr. and the "Reform" party. Their new brooms are sweeping out the "Old Guards" of ex-President Charles R. Gay who were uncompromising toward SEC. Roland Redmond, senior Carter, Ledyard partner, was a great & good friend of Richard Whitney, an Old Guardsman who at present languishes in Sing Sing.* Last week, Mr. Martin & partisans made...
...Reform Social Security...
...Clifford E. Clinton, boyish owner of the "World's Largest Cafeteria" in downtown Los Angeles, customers brought so many tales of civic vice and dishonesty that last year he set up shop as a political reformer. With a few aroused sympathizers he hired a hard-boiled lawyer, Arthur Brigham Rose. Lawyer Rose hired an equally hard-boiled private investigator, Harry Raymond, onetime Los Angeles patrolman and later Police Chief of San Diego. By last week, Clifford Clinton and his cafeteria reform party had managed to stir up the biggest Los Angeles political stench in a decade...
Last week at Inglewood, 25 minutes from Hollywood, the new track opened. In spite of petitions by churches and reform groups, a weekday crowd of 40,000 streamed into elegant Hollywood Park, wagered $512,000 on eight races...
...Declared a truce with Wall Street. SEC Chairman William O. Douglas announced in Manhattan: "The day of the crackdown on Wall Street is over. . . . The prosperity of the New York Stock Exchange is not incompatible with the national welfare." As a basis for further reform by the Exchange, Chairman Douglas and acting Exchange President William Martin Jr. drew up a "round table" of Exchange and SEC members to discuss: i) problems of floor administration such as the question of segregation of broker and dealer activities; 2) increasing the amount of bond trading on the floor; 3) commission rate revision...