Shaw

On July 17, 1936, and prior and subsequent to that date, at Los Angeles, California, the United States Securities and Exchange Commission, through certain of its officers, was conducting, under the authority of the Securities Act of 1933, 15 U.S. C.A. § 77a et. seq., an investigation into certain transactions involving, among others, ■the stock of the Consolidated Mines of California, a California corporation, operating in Calaveras County. In conjunction with ■the investigation, the Commission issued ■subpoenas directed to the corporation and its President and Secretary to appear, at the investigation, to be held on November 22, 1937, and there produce certain records of the company.

The corporation declined to respond to the subpoena. The Commission then applied to me, and I issued an order directing obedience to the subpoena and requiring the production of the documentary evidence called for in it.

On appeal to the Circuit Court of Appeals for the Ninth Circuit, this order was affirmed. Consolidated Mines of California v. Securities & Exchange Com., 1938, 9 Cir., 97 F.2d 704 .

Prior to July 17, 1936, William Jackson :Shaw, the defendant, was requested.to at-tend the hearing…