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> The House Ways & Means Committee recommended speeding up Social Security payments out of the old age reserve account, beginning next year instead of 1942. In the account is $994,000,000; so far only $14,000.000 has been paid out. Last week, inspired by Chairman Marriner Eccles of the Federal Reserve Board and new Commissioner Leon Henderson of SEC, Florida's Senator Pepper went to work planning a Senate measure to start putting that money into circulation even sooner, this summer if possible.
> Pink, parbald James Michael Slattery, the new Senator from Illinois (vice the late J. Ham Lewis) made his first speech, in self-defense. Newspapers had printed a story that, while he was chairman of the Illinois Commerce Commission, he gave his daughter $25,000 with which she bought stock in Commonwealth Edison Co. The innuendo was that Mr. Slattery, in charge of utility rates, judged for his family. Cried Senator Slattery: "I welcome a complete and thorough examination. . . . My conscience is clear!"
* Last week appeared Carter Glass (Longmans, Green & Co., $3), a biography by Rixey Smith, his devoted secretary of 18 years, touched up by Writer Norman Beasley. Glowing with tribute to the courage and integrity of the 81-year-old Virginian, who as an urchin of seven would not step out of the road for Yankee cavalry, the book traces the evolution of the Federal Reserve Act, which Glass sired for Woodrow Wilson, and the origin of Glass's split with Franklin Roosevelt on fiscal policy. Net effect of this recital: to portray Mr. Roosevelt as a pretty tricky operator.