Business & Finance: Political Utilities

The first Governor of New York to secure regulation of public utilities was a brilliant young reformer named Charles Evans Hughes. To get it, the man who one day was to become Chief Justice of the U. S. went directly to the voters. Alfred E. Smith used the same tactics in his long dogged fight for more drastic regulation. While at Albany Franklin D. Roosevelt set up a Power Authority to distribute State power, but in Washington last month his plan was shelved when the U. S. Senate refused to ratify a treaty which would permit hydro-electric development of the St....