The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-06-21
SECRET POLL
RESULT Sent
TOPRESIDENT
Provision Lacks 30 to 40
Votes Despite Sen
ate Action
ROOSEVELT STILL
HOPEFUL, HOWEVER:
Copyright, 1885, United Pre..)
WASHINGTON, June 81. (UP)

Copyright, 1885, United Pre..)
WASHINGTON, June 81. CUP
The house was revealed today as
opposed to the elimination of "un-
necessary utility holding compa-
MES as provided in the Wheeler
Rayburn bill passed by the senate
/ at President Roosevelt's request.
| A secret poll by administration
leaders indicated the death SEN
tence' provision lacked between
80 and 40 votes of the number
necessary to assure passage. Re-
suits of the poll were communicat-
ed to the president.
Mr. Roosevelt, it was reported,
insisted that leaders continue to
fight for the elimination provision.
He hoped abolition features could
be retained, possibly through
agreement, after the bill is sent to.
conference with the senate.
Philip H. Gladsden, chairman Of
the committee of public utility
executives. fighting the bill, is
sued statement today charging
all federal "usurpation of power
remains in the house bill"
The committee, he said, would
continue to advocate amendments
that twill make this bill full
regulatory measure without its
present destructive and confisca-
tory features"
He approved the house inter-
state commerce COMMITTEES .indi-
Gated intention to approve a bill
striking out the elimination fea-
ture. The committee was expect
ed TO report the bill out within a
day or two. It may reach the floor,
where hot debate is expected,
next week.
The subcommittee report rec
ommendstion for regulatory meas
ures instead of elimination was
to be approved, This,
said, modifies "the death
sentence to the extent Of giving
a few holding companies q chance
to live at the pleasure OF the fed
eral commission"
"But title H." he said, "of
the bill subjects the operating
companies to federal domination
that will not only set aside state
authority, but will virtually de-
stroy private management in the
industry
Utilities. he said, will accept
any reasonable regulatory pro
gram" but ut is not reasonable
regulation to impose a special du,,
plicate tax on dividends received
by the utility company tax IN
tended solely to force utility mold
ing companies out of existence
particularly wheT the tax IS not
imposed on holding companies IN
any other industry in the coun-
try"
ulate operating companies where
thew are not subject to state reg
1--WE charge" Gadsden said
chat to clamp upon the operating
comnanies the drastic restrictions
If this hill is a disguised effort at
eventual e government ownership.
"As the sponsors, Of. this. bill
frankly admitted, it is the begin,
n;ng Of a radical attack upon all
holding companies, against "a,
business of any size, and wlilhHa'
" GEEK to take American bushes
out of the hands of American
who built it and put it in I'll
hands of bureaucrats and woah
exploit it to perpetuate tne'r 'pu
reaucracy," he charged:
Gadsden's statement focused at
tention on President Rooseyeits
tax message recommendation Tor
ultimate elimination of "unneces-
sary holding companies in all lines
of busfnessn '7s =,
The recommendation greatly
broadened the fight against the
Wheeler-Rayburn bill: President
Roosevelt recently charged the
fight vas largely inspired by lob
byists in the employ of utility
holding companies.