Salt Lake Telegram | 1935-06-06 | Page 9 | Debate Raging on utility Bill

DEBATE RAGING RACiNG ON UTILITY BILL WASHINGTON June Juno 6 G m The P-The The furious urious senate debate over the bill but billo butto to o abolish utility holding companies I seems likely to continue into next week although some senators have predicted a vote voto in a n day or two Tho The latest to leap into the fray was vas Senator Brown CD D D. N. N H. H w wi who o rarely Is heard on the senate floor loor In a speech late yesterday ho ha 10 denounced what he termed the corrupting and corroding Influences influences of ot misused economic power by holding companies Calling the utility holding system a racket he ic said Ive Ivo seen them juggle books juggle juggle juggle jug jug- gle cash juggle foreclosure sales sale where they were both bolh buyer and sc seller cr juggle lawyers lawyer and j juggle engineers en en- Senator Hastings CR R Del continuing continuing con con- his attack on the measure called it unconstitutional He salet said sale it t sought to Impose federal control contro of oC business within the states slates He contended the federal government docs does not have the right to apply such a bill to a company merely because because be be- cause it uses the mails malls or engages in n interstate commerce I If senators felt regulation In n their states was lax he said they should stay home homo and remedy it Senator Bone CD D D. Wash said state regulation could not work and called the power trust an as octopus