Business: March Quarter

Next week American Telephone & Telegraph Co. will celebrate its 50th anniversary with a dignified one-hour radio broadcast. In Washington, however, the new Federal Communications Commission is preparing to mark A. T. & T.'s golden jubilee in livelier fashion. Armed with a $750,000 appropriation, the Commission is already at work on an investigation of the telephone industry for the benefit of the U. S. Senate, which discovered to its amazement that A. T. & T. had never been put under the Congressional microscope. President Walter Sherman Gifford says there are no skeletons...

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