The Waterbury Democrat., 1935-06-11
SENATOR CORE IS
 HELPED BY LONG
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HUH < dSC ~ 
 Sen. l.. J. Dickinson. r.. la, ask ed questions which brought out report from Harrison, who des- crAbed his source as Donald E. Riehberg, retiring MIRA chief. that 1t was planned to dismiss about 4.e00 MIRA employees, leaving a skeleton organization of about H. 800.
 Dickinson also asked:
 s'Wouldn't there he the same supreme court objection to delega- tion of power in the matter of agreements? Wouldn't that invali- date this resolution?"
 "The supreme court expressed the opinion that if the codes had been voluntary the situation would have been different" Harrison re- sponded. "These would be volun- tary agreements. The president would have no. power to impose them Cn anybody"
 '"rhey couldn't be forced on minority in industry?" Dickinson pursued .
 Absolutely not" replied Harri- son.
 NRA's future appeared to hinge solely on the question of when the senate would act. The resolution must be passed by the senate, ap- proved again by the house because of the proposed senate changes, and signed by the president before midnight Saturday to prevent ex- tinction of MIRA.
 Utility Fight Starts
 Washington, June 11-(UP)- < Waving a note from President Roosevelt, Sen. Burton K. Wheel CT, D., Mont. co-author of the util- ity holding company bill today fought amendments designed to substitute regulation for dissolu- tion of the holding concerns
 Wheeler struck bitterly at an amendment of Sen. William H. Dieterich, D., H., which would eliminate the disolution provisions and give the securities and ex- change commission power to regu- late holding companies. He said adoption of the proposal would be Sdeath sentence" for the bill.
 Dieterich, In support of his amendment. implied that Mir. Roosevelt did not oppose it.
 Wheeler then produced the note. He said it was written to confirm an understanding with MT. Roose- welt at recent White House con- ference. It condemned any but minor amendments to the section involved
 As revised the amendment would strike from the bill parts of sec ton Il which provide the author ity and methods for elimination of holding commpanies and substi- tute control.
 Under the revision the securities and exchange commission would he given power to simplify the cor porate structure of holding com panies sufficiently to eliminate ''un- necessary complexities which are detrimental to the interests of in- vestors. consumers and the general public."
 The amendment also would give the commission power to require corporate reorganization to the ex- tent that voting power be equitabl distributed among the stockhold- CTS.
 Amendment Beaten
 Washington, June 11-CUP)- The senate today in test vote de- fcated an amendment to substitute control for elimination of holding companies fin the Utilities bill. The vote indicated the bill would pass when # comes to final vote. due by 1 D. n. EST.
 The vote on the amendment was z4 for adoption and 4s against.
 The showdown occurred on an amendment offered by Sen. William provides for dissolution of holding Ehc biIl the part or section II which F. DieiefIoil. a.. Iii.. to strike from oon1pnnies with certain exceptions.
 Illumination of {he provisions Involved would have Ieft the bill q <nnuIafoFy device leaving the hold- |a2 companies sunieet to the sc- es'rsfles and exchanze commission.