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| | TIME.com: A.T. &T. v. U.S. Control -- Feb. 10, 1930 -- Page 1 |
 | | Gifford told the Senate Interstate Commerce committee that, while he favored U. regulation "in principle," he opposed it in practice because, in his opinion, it would annihilate control of communications by State agencies just as State regulation of railroads has vanished. |
 | | Theoretically such companies are now regulated by the Interstate Commerce Commission but that potent agency, already overwhelmed with its railroad work, has never attempted to exercise communications control beyond receiving financial statements and ordering changes in accounting methods. |
 | | Montana's Senator Wheeler and others on the committee remarked upon the fact that A. opposed Federal regulation yet would not willingly submit itself to the control of State agencies on the claim its interstate business was beyond their jurisdiction. |
| www.time.com /time/magazine/article/0,9171,738593,00.html (584 words) |
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