THE CONGRESS: Lobby v. Lobby

"LAST CHANCE!" screamed advertisements by great utility companies in the Nation's Press last week. Last chance for investors to save their savings from destruction by President Roosevelt! Wire your Representatives!

By a one-vote margin last month the Senate had approved vital Section 11 of the Wheeler-Rayburn Public Utility Bill, providing that unessential holding companies more than one degree removed from operating companies should be dissolved by the Securities & Exchange Commission within seven years. This was precisely what President Roosevelt wanted. Then Power scored twice in quick succession. For drastic Section 11...

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