Business: That Man

Under the Public Utility Act of 1935, any power company violating the law may be barred from use of the mails. Since holding companies representing some 80% of the U. S. utility business refused to register with the Securities & Exchange Commission, the major part of the industry was last week probably violating the law. This put Postmaster General James Aloysius Farley in a tight spot. He finally wriggled out by announcing that he had no intention of cracking down on utility letter-writing—"at least not before the validity of the Act is judicially...

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