Business: War & Rewards

Busiest man in Washington last week was James McCauley Landis, fast-witted young chairman of the Securities & Exchange Commission. By Dec, 1 he was supposed to bring under SEC supervision the bulk of the $12,000,000,000 public utility industry. Supported by seasoned batteries of the smartest lawyers in the land, the public utility industry as a whole had not the slightest intention of submitting to SEC rule, deadline or no deadline. Chairman Landis kept his office open all last Sunday for any penitent powermen who might wish to file registrations at the last moment,...

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