GOVERNMENT: SEC Seat Warming

Iowa's ex-Congressman Edward Clayton Eicher got a new job last week. Its imposing title: chairman of SEC. Its actual duties: to keep the chair just vacated by Jerome Frank warm for Brain-truster Ben Cohen, who is now in England assisting with Lend-Lease Act administration.

Chairman Eicher, a mild man with a Santa Claus smile, wants to be a U.S.

circuit judge in Iowa. The New Deal wants to give him the judgeship, now vacant. Indeed, Eicher would have been a judge two years ago except for the wrath of Iowa's Senator Guy Gillette—who still resents Eicher's part in the New Deal's...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!