Mortal fear of most U. S. big-business men is Federal control. In the New Deal economy, insurance companies and investment trusts are becoming conspicuous as the only big holders of investment capital not under regulation by the U. S. Investment trusts' turn is coming soon if Congress adopts the recommendations now being readied by SEC. And the unwilling march of insurance to Federal regulation may have begun last week when TNEC (monopoly committee) reopened its insurance hearings.
SEC began preparing for the hearings late in 1938 when SEC Chairman Bill Douglas summoned...
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