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...Commission's investigation of American Telephone & Telegraph Co. were enlivened by digressions into lobbying, horse racing and cinema production (TIME, March 30 et seq.). In the matter of revealing what Congress had appropriated $750,000 to have revealed-the how and why of telephone rates-Commission Counsel Samuel Becker got next to nowhere. In the past fortnight, however, Counsel Becker has borne down more consistently on the prime purpose of the investigation, giving Commission accountants a chance to talk. Questions raised thereby put FCC in a better position to ask Congress last week for an additional...

Author: /time Magazine | Title: Business & Finance: Bits for $400,000 | 5/11/1936 | See Source »

...Seeking information on the meeting in 1927 at which the sale was decided upon, Counsel Becker subpoenaed A. T. & T. Directors George F. Baker, chairman of Manhattan's First National Bank; and David Franklin Houston, President of Manhattan's Mutual Life Insurance Co., onetime Secretary of the Treasury under President Wilson. Neither could remember the reasons for the sale. C. A. T. & T. long-distance earnings between 1913 and 1935 were shown to have been $400,000,000, or an annual return of 10.9% on investment despite several voluntary rate cuts. In the same period the associated companies...

Author: /time Magazine | Title: Business & Finance: Bits for $400,000 | 5/11/1936 | See Source »

...Becker: How about theatre tickets...

Author: /time Magazine | Title: Business: Telephone Nuggets | 4/13/1936 | See Source »

...Becker: Do you think giving theatre tickets might be a little bit wicked? Mr. Gifford's reply was lost in laughter...

Author: /time Magazine | Title: Business: Telephone Nuggets | 4/13/1936 | See Source »

...Boston's North and South Railroad Stations, in Manhattan's Grand Central Station, commuters and loafers had paused to listen to Federal band music. Pittsburgh had a 22-piece gypsy orchestra, Chicago a Hungarian ensemble, San Antonio and Tucson tipica orchestras. Dr. John J. Becker had his Horn Concerto played in Boston, Bendetson Netzorg his The Bhalahu in Detroit. WPA musicians will take part this spring in a series of Manhattan concerts showing the history of U. S. music, in a Virginia State Music Festival, in a New Jersey Beethoven Cycle, in a May festival in St. Paul...

Author: /time Magazine | Title: Music: Relief Melodies | 4/13/1936 | See Source »

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