Business: Bear Hunt (Cont'd)

To Brigadier General Charles Gates Dawes the New York Stock Exchange is just a "peanut stand" (see p. 12), but to the Senate Committee on Banking & Currency the low price of Wall Street peanuts is a matter of grave concern. Fortnight ago the committee summoned Exchange President Richard Whitney, heard from him that not short selling or bear raids, but liquidation by "people who are trying to give these United States of ours away" is responsible for the currently depressed stock market (TIME, April 25). Last week the committee continued its bear...