Business: Bear in the Street

When Lawyer James Watson Gerard, onetime (1913-17) Ambassador to Germany, arrived in Manhattan from Europe last week he was in a critical mood. He said President Hoover should up and say Prohibition is nonsense. He chided Manhattan's bankers for paying more attention to Germany than the U. S. He scolded big corporations for not giving out intelligible statements; he and Mrs. Gerard have some 2,300 shares of General Electric and he defied "any one to tell from the statements of this company what it is doing."...