Business: For Utilities

"Referred to the [House] Committee on Interstate and Foreign Commerce and ordered to be printed" last week was H. R. 5423, the Administration's long-awaited 178-page death sentence on the public utility holding company. The bill authorized the Federal Power Commission to regulate interstate power and the Federal Trade Commission to regulate interstate natural gas but its principal purpose was rigid control of holding companies until 1940 when they will be banished from the U. S. scene. Only appeal from the sentence will be on grounds that it is legally impossible to merge...