Business & Finance: Business & State

To a century-old doctrine, separation of Church & State, has been added a new doctrine, separation of Business & State. The new doctrine was last week honored in the breach on several counts:

Oil. In Washington Secretary of Interior Ickes got together with large oil operators, independents and representatives of Governors of the 13 oil-producing States, trying to arrange for them what they had not been able to arrange for themselves: control of overproduction.

Securities. Congress was introduced to the Administration's bill for controlling the issuance of securities in order to help investors to do...

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