Business: The Government's Week: May 9, 1938

Last week the U. S. Government did the following for and to U. S. Business:

¶Re-emphasized its antimonopoly drive, as Franklin Roosevelt sent to Congress his long-awaited message on trust-busting (see p. 13).

¶Continued to frame legislation to help the hard-pressed railroads (see col. 2).

¶ Refused to help the hard-pressed telegraph companies, as FCC denied their petition for a 15% rate increase. Like the railroads the U. S. wire companies currently suffer from increased costs, decreased income. In 1937 Western Union made only $3,325,000 on gross of $100,400,000. Postal Telegraph, which...

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