National Affairs: Creditable
Four years ago, Democrats searched high and searched low for candidates. This year a candidate confronts the DemocratsGovernor Alfred Emanuel Smith of New York. But is he high or is he low?that has been the vexing question. If and when Governor Smith is nominated, astute hindcasters may point back to last week as a turning point. For of all "high" Democrats none is higher than Newton Diehl Baker, Wilsonian War Secretary. And last week Mr. Baker said, not only that he admired Governor Smith, but that he knew the nomination would be "an entirely creditable one to the Democratic Party."
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MARTHA STEWART, when asked about the insider-trading scandal that, by her estimates, cost her company more than a billion dollars







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