Last week President Roosevelt appointed a fifth member of the Securities & Exchange Commission to fill a vacancy created when Joseph Patrick Kennedy resigned last autumn. The post was offered to Benjamin Victor Cohen but that New Deal legalite turned it down. Sent to the Senate for confirmation was the name of William Orville ("Bill") Douglas, 37, as brilliant a professor as the New Deal has attracted to Washington. President Robert Maynard Hutchins of the University of Chicago, who tried to buy him away from the Yale Law School with a salary of...
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