Word: sec
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Dates: during 1940-1949
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...Fred B. Wilson, assistant to Mr. Arkwright. Neither able Mr. Arkwright nor Uncle George is entirely independent. Georgia Power is a subsidiary of Commonwealth & Southern Corp., whose president is GOProspect Wendell Willkie. As a subsidiary, Georgia Power is subject to the Public Utilities Holding Company Act of 1935 and SEC regulation. Last week this set of circumstances generated some high-voltage news...
...York Times reported that SEC was digging into Uncle George's political ramifications. According to the Times, the investigation's nose was pointed towards grey, New-Deal-hating Senator Walter Franklin George of Georgia and his 1938 campaign (when the New Deal failed to purge him out of the Senate). Next was heard a loud bang from Atlanta. Roared Mr. Arkwright (after consulting Mr. Willkie): ". . . The Administration is now trying to smear Senator George. . . . Another pet hate of the New Deal is the utilities. This is an effort to smear both-to kill two birds with one stone...
Senator George nearly hit the ceiling of his Washington office, rolled up his sleeves to denounce this New Deal calumny. Calmer friends restrained him, suggesting that the smearing had actually been done by Mr. George's friend Mr. Arkwright; no SEC party concerned had officially mentioned the Senator. In Washington a telephone line soon connected SEC Chairman Jerome Frank and Candidate Willkie, who might well have considered himself the target of a third underhand stone. Canny, calculating Jerome Frank's first administrative tenet is to lay off avowed foes of SEC whenever possible. Up to now, in line...
...this statement Mr. Frank informally added: "I know of nothing to justify any suggestion that Mr. Willkie has had anything to do with the alleged irregularities." Scripps-Howard Columnist Ludwell Denny, accepting this disavowal at its face value, put forward another reason for doubting that SEC was aiming at Mr. Willkie. Observed Writer Denny: "The last thing in the world they [the Democrats] want to do is to prevent Mr. Willkie's nomination. They will do all in their power indirectly to make him the Republican candidate...
...SEC regional director in Atlanta announced that the complaints had come from several sources, that they concerned both State and national 1938 campaigns in Georgia. Knowing Georgians, wondering who put a fire under Uncle George, looked sideways at Atlanta's energetic U. S. District Attorney Lawrence Camp, who failed to defeat Senator George in 1938. Mr. Camp averred, with a convincing air, that he was not the informer. Gossiping Crackers then remembered that their Governor Eurith Dickinson Rivers has at least two unremitting foes: 1) Secretary of the Interior Harold Ickes, whom the Governor recently outsmarted...