ROOSEVELT PROPOSAL
REGULATE Stock- MARKET
IS BILL CONSTITUTIONAL?
NEW. YOEK,: February .25. Mr. Thomas Gay, attorney for the New York Stock Exchange, before the Senate Banking Committee, challenged the constitutional power-of Congress to control the security market by the I proposed Bill. - .;" . ' In a message, given to Congress on February 9, President Eoosevelt asked for the regulation of "operations of exchanges dealing in securities'and commodities," but left to Congress, the framing of the measure. While admitting the definite value of' exchanges; ttie President declared that there "should be a national policy to restrict as far .as /possible tho use ■' of these exchanges for purely speculative operations." ■ •■". V '
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Bibliographic details
Evening Post, Volume CXVII, Issue 49, 27 February 1934, Page 9
Word Count
107ROOSEVELT PROPOSAL Evening Post, Volume CXVII, Issue 49, 27 February 1934, Page 9
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