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...

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