Mr. Levinson's Way

A ceaseless agitator for peace has been Salmon Oliver Levinson, 64, smart Chicago corporation lawyer. To him goes much unofficial credit for the idea of making war illegal, for the Kellogg-Briand Treaty or Pact of Paris. And to him went the $50,000 Bok Peace Prize for his plan of adjusting War reparations and debts. The Manchester Guardian has proposed him for the Nobel Peace Prize. Last week Peace-Maker Levinson made another peace proposal: limit short-selling.

Although others have suggested short-selling be discouraged, perhaps banned, Mr. Levinson is the most eminent figure to take this view. He suggested a two-week moratorium on short sales so "we could then determine whether the gamblers who play the stockmarket as a game are responsible for this terrible condition or not."

Another suggestion was the creation of five impartial associate governors, of which four would get $75,000 a year, the chairman $100,000. These associate governors would devote themselves to the public good, investigate all rumors.

"The New York market," said he, "has become topheavy with speculation and has now largely lost its original legitimate function as a market of actual buyers and sellers of stocks."

This file is automatically generated by a robot program, so reader's discretion is required.