Subject: F7-25-97
Date:    12/3/97 8:35 AM
     
     
Scott J. Mulvaney
Ellen M. Doskey
Olivia Doskey-Mulvaney
1816 Glenwood Road
Glendale, CA. 91201
E-Mail: elenscot@ix.netcom.com
     
Dear Mr. Katz,
     
My family and I are small shareholders and after careful review 
of proposal F7-25-97 and Commissioner Wallman's concurrence, we all urge 
the SEC NOT to accept these changes. 
     
As we enter a new century I have been witness to a rise in corporate 
power and influence, and an alarming lack of regulation and enforcement 
of anti trust law. In my own Motion Picture industry I have seen 4 mega 
companies personally buy up and squeeze out independent companies while 
gleefully breaking the 1944 Paramount Consent decree with impunity - 
owning the Means of Production - Distribution - and Exhibition in an iron 
grip on independent producers like myself.
     
If the Government through our representatives will not balance the power 
of capital and democracy through law to protect shareholders and citizens 
from the steamrolling tactics of the invincible corporate lobby - the SEC 
must therefore be our "Advocate" as William O Douglas stated. To change 
rules making it easier for corporations to ignore the small shareholder is 
to throw us backward into the arms of Boss Tweed, J.P.Morgan and the 
Teapot Dome scandal days. We small shareholders have little enough 
recourse already to influence the actions of the companies we share 
ownership in, to reduce that shrinking ability to make a difference and 
influence just to save corporations the trouble and a few bucks (which I 
as a shareholder would gladly spend) is an insult to the very cornerstone 
of democracy - that we should all speak truth to power, as did our 
founders.
     
If the corporation has been granted the rights of "Personhood" according 
to the bizarre 19th century ruling of the Supreme Court, then it must 
share a conscience with those of us who own and manage it. The public 
shareholder is the last line of defence in this realm. We have seen 
corporations do great harm and act irresponsabily with our money out of 
stupidity, avarice or in denial. Since most shareholders are locked in 
their own daily problems, a valiant few have often made stunning 
differences for the common good by raising a steady, small voice, to 
remind the corporate machinery of it's humanity and feduciary 
responsability.
     
The SEC shares with us the power to watchdog. With limited funds and 
personell, you should welcome shareholders who are concerned enough to 
help you in this duty. There may be nusiance shareholders who abuse thier 
rights according to the current rules, but these are few compared to 
those of us who hold our responsability dear. We must not aid in the 
creation of apathy by taking away the rights of the least of us, for in 
so doing we allow the very freedoms our forefathers gave the last 
measure of their devotion for, slip away into a world of consumer slumber 
and vast corporate "Big Brother" -ism.
     
Sincerely,
Scott, Ellen, & Olivia Doskey-Mulvaney's