Aprit 3.
Described by its sponsor as an assault on bigness",—Senator Wheeler of Montana' has troduced into the American Senate a bill designed to eliminate the holding company from the electric power and natural gas industries. This is regarded in the United States of America as a further and important development of the' political attack levelled against the electric industry and, particular ly, holding companies.—President' Roosevelt's left-wing supporters. welcome the measure and are ready to support it as an effective instru~ ment for removing abuses which they allege have crept into the financing of public utility companies. Senator Wheeler is Chairman of the Senate Committee on Interstate Commerce. Mr. Sam Rayburn, who has introduced an
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