Last week Chairman Owen D. Young of Radio Corp. of America appeared as a witness before the Senate Interstate Commerce Committee. In one word he approved a bill by Senator Couzens to create a Federal Communications Commission comparable to the Interstate Commerce Commission; in many words he pleaded for two great monopolies in the communications field:
External Monopoly: A merger of Radio's wireless, International Telephone & Telegraph's wireless and cable. Western Union's cable. (Radio would sell its wireless to I. T. & T. now if the U. S. radio law did not...
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