Word: sec
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Dates: during 1930-1939
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...Yale's undefeated varsity crew: the Carnegie Cup regatta; for the 11th year; leading all the way and finishing two lengths ahead of Cornell and six ahead of Princeton; in 10 min. 23.4 sec., the fastest two miles ever rowed on famed Lake Cayuga; at Ithaca, N. Y. Best previous time was 10:32 made by a Cornell crew...
...Considered licensing all companies doing interstate business. SEC proposed the idea to protect investors from a number of abuses it has unearthed in various corporate reorganizations and to counteract a general laxity of corporate law in certain States. Alternate proposal: use of taxing power to make more difficult incorporations under the statutes of these lax States...
...similarly minded gentlemen, Brokers Edward Allen Pierce and John Hanes, helped elect mild, supposedly liberal Charles R. Gay as Exchange president in place of Richard Whitney. But Gay presently swung to the right: when the market crashed last August he made a speech blaming it on SEC regulation. Paul Shields then took it upon himself to go see SEC Chairman William O. Douglas. Thenceforth, while Douglas attacked from Washington, Paul Shields and John Hanes worked from within. The Richard Whitney affair was the Trojan horse which delivered the Exchange into their hands. John Hanes then went blithely to Washington...
Testifying before SEC last month, Edward H. H. Simmons said he had known that his former fellow Exchange Governor Richard Whitney had used cash belonging to the Gratuity Fund, but had not thought this significant enough to report to the Exchange because using customers' cash was general practice among brokerage houses. SEC regarded this assertion as remarkable, ordered the Exchange to look into the matter...
...President James F. Fogarty of North American Co. to lunch, proposed that a neutral board of tycoons act as umpires in the battle against the Holding Company Act. Wendell Willkie objected and there was something of a row. The utility magnates wound up by having a conference with SEC Chairman William Douglas, then writing him a cordial note to say they had appointed a committee of five "to cooperate with the Commission in endeavoring to bring about sound and constructive solutions of the problems...