As monopolies go, American Telephone & Telegraph Co. is probably the best run and most benevolent in the U. S. Nonetheless, Congress in the last three years has appropriated $1,500,000 for an A. T. & T. investigation. Hearings ended last summer and last week the Federal Communications Commission report was in the hands of Chairman Frank R. McNinch, almost ready to be submitted to Congress. Therefore, in making his annual report last week, A. T. & T. President Walter S. Gifford took care to get his word in first. "This country," observed...
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