To Vermont Republican Robert E. Healy, sole remaining "charter member" of the five-man SEC, Franklin Roosevelt last week sent a message: would he please reconsider his resignation? This was not the first time that temperamental "Judge" Healy, sore at New Deal politicking within the commission, had threatened to quit. But never before had he gone so far as to submit his resignation.
The provocation: A New Deal youngster, 36-year-old Ganson Purcell, had got the White House green light to become SEC's sixth chairman in seven years. He would succeed New Dealer Edward Clayton Eicher, ex-Iowa Congressman who jumped from the...
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