A.T. &T.; v. U.S. Control
The power and prestige of four billion dollars and of 469,000 stockholders were thrown last week against any Federal commission which might be set up to regulate U. S. telephone and telegraph companies as the Interstate Commerce Commission now regulates the railroads. The four billion dollars and 469,000 stockholders were those of American Telephone & Telegraph Co., personified by Walter Sherman Gifford, A. T. & T. president. Mr. Gifford told the Senate Interstate Commerce committee that, while he favored U. S. regulation...
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