Salt Lake Telegram | 1935-06-21 | Page 1 | Holding Group 'Death' Opposed

HOLDING GROUP I DEATH OPPOSED Poll Points House Hous De Defeat Defeat pe- pe feat of Clause v WASHINGTON ASHINGTON June 21 OB A ri-A A private poll of ot the house is reported to show that administration leaders lack some 40 votes In their fight to pass a bill calling for tor the compulsory compulsory com corn abolition of unnecessary public utility holding companies Against President Roosevelt's wishes the house interstate commerce commerce com corn merce committee has approved approve provisions provisions provisions pro pro- visions which would give the securities securities securities ties commission permissive authority authority authority author author- ity to require dissolution of ot the thc holding companies Instead of making making making mak mak- ing their abolition by 1942 manda manda- tory I House leaders plan to continue the drive for or the holding companies' companies death sentence on the floor but were reported to have become disheartened disheartened disheartened dis dis- dis- dis heartened by the results of ot the poll of the tho members The death sentence sentence sen semi tence provision passed the senate only by a vote one-vote margin The commerce commerce committee was called into session again today to act on the remaining two points In Inthe Inthe inthe the long legislation Indications were that the measure would bo ho reported to the tho house Saturday Saturday Saturday Sat Sat- for consideration early carly next week The two items yet to be approved are arc the procedure for taxing utilities utilities ties and the language to be bo used Insetting in insetting insetting setting forth congress congress' policy in regulating utilities As now now written written writ writ- ten the measure would Subject 15 per cent of holding com dividends dividends divi divi- to corporate In Ies k