Business: Utilities to the Mat

On behalf of the U. S. utility industry, Electric Bond & Share, largest utility holding company, last week presented a brief to the U. S. Supreme Court attacking the Utility Holding Company Act of 1935. On behalf of the U. S. Government, Messrs. Homer Cummings, Robert Jackson, Thomas Corcoran and Ben Cohen simultaneously filed a brief which asserted, among other things, that if Congress has the right to curb white slavery and bootleg liquor it "certainly is not without power to curb financial chicanery and abuses which have brought ruin to millions." Thus, after over two years of catch-as-catch-can in...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!