On the subject of utility holding companies nearly everyone had had his say. Franklin Roosevelt had asked for what practically amounted to their abolition. Powermen and investors had wrung their hands in loud anguish. Senator Wheeler had favorably reported the bill. Secretary Roper's Business Advisory Council had counseled moderation. Senator Norris had lectured the Senate with giant charts showing the tentacles of the power octopus. Young Legalites Corcoran and Cohen, who drafted the bill, had given their advice privily in the cloakrooms. The whole Senate had enjoyed ten days of debate....
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