Often heard in fireside fulminations is the charge that the New Deal is deliberately and cunningly undermining the property rights of U. S. citizens. Last week a prime New Deal agency asked Congress for broad legislation not to weaken property rights but to strengthen them. The reform proposals were contained in another Securities & Exchange Commission report based upon Commissioner William Orville Douglas' diligent investigation of protective committees and reorganizations (TIME, May 18). Mr. Douglas concluded that U. S. investors had suffered woefully from irresponsible corporate trustees, legal representatives of scattered and...
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