President Roosevelt's fighting speech at the banquet in Washington to celebrate Jackson ay throws the gauntlet down to big business in no mistakeable manner. He very definitely means business, and those powerful interests which he claims are obstructing the return of the United States to normality will soon be on their defence. His war on. the holding companies, as indicated in the Public Utility Act of 1935, has been a bitter one, and the death sentence on such companies which that Act contains is about to be put into operation. By its provisions the Securities and Exchange Commission is. authorized as from January 1, 1938 to pass death sentence on these companies "as soon as practicable," and while the Commission favours evolutionary rather than revolutionary processes, as shown in its Pacific Gas & Electric decision, the President home to your little boy—he's got two.
Text read from the printed page and cleaned; old type leaves the occasional error.