Word: acted
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Dates: during 1930-1939
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...Supreme Court declared constitutional the registration requirements of the Public Utility Act...
...squeaked and it speedily became apparent that harmony had been restored. For Chief Justice Hughes and a majority of his fellows, including Hugo Black, saw eye-to-eye on the year's most important case-the test of the constitutionality of the registration requirement of the Public Utility Act of 1935. By a vote of 6-to-1 (sick Justice Cardozo and Freshman Justice Reed not participating; Justice McReynolds, as expected, dissenting) the Court upheld SEC in its test suit against Electric Bond & Share...
...Deal's harshest reform, the Public Utility Act ordered all utility holding companies to register with SEC under the penalty of being forbidden use of mails or other facilities of interstate commerce. SEC would then have power to control their financial transactions and, under the famed "death sentence" clause, to force simplification of any utility pyramid into a single geographically integrated system with only one intermediary company allowed between the top holding company and actual operating subsidiaries. When most of the utility business refused to register, SEC agreed to hold the Act in abeyance while it brought a test...
Most citizens of East Texas look on the Connally "Hot Oil" Act of 1935 (which makes it a Federal offense to ship in interstate commerce more oil than the quotas set up by the Texas Railroad Commission) with the same sort of amused tolerance with which they once looked on the 18th Amendment. Millions of barrels of hot oil have been pumped out of the ground, and numerous minor employes of small companies have been indicted. But the startling fact is that no oil man who maintained his innocence has been tried for violation of the Connally Act...
...grand jury brought in indictments against John W. Gilliland, president of Bell General Pipe Line Co. of Gladewater, and 24 others, most of them employes of Bell General and its subsidiaries. Bell General is considered the largest independent pipe line in the East Texas field, which indicated the Connally Act was at last to be invoked in earnest. By last week 23 of the 25 had posted bond. One of the other two was variously reported as being in Spain and the Samoa Islands...