Business: The Government's Week: Apr. 18, 1938

Last week the U. S. Government did the following for and to U. S. Business: C. Contemplated resuming "pump-priming" with expenditure of as much as $4,250,000,000 to pull the nation out of depression doldrums (see p. 17).

¶ Continued its broad attack upon vast American Telephone & Telegraph Co. Fortnight ago FCCommissioner Paul Walker submitted to Congress the result of his threeyear, $1,500,000 investigation of A. T. & T., recommended sweeping reforms (TIME, April n). For two months before this, A. T. & T. stock was under sharp market pressure, fell from...

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