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Richard M. Boeckel, Editor
Initiations of S.E.C. Utility Proceedings
A major New Deal reform moved a step nearer realization at the end of February, when the Securities and Exchange Commission instituted a series of proceedings designed ultimately to bring about corporate simplification and geographical integration of public-utility systems having aggregate assets of around $14,000,000,000. By ordering, February 28, the Electric Bond and Share Company and the Engineers Public Service Company—respectively the largest and the smallest of nine holding-company systems selected for initial attention1 under the integration program—to show cause why ...