Word: fcc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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 $400,000 to continue the investigation after July...
Among solid bits of testimony likely to help FCC get its money were: ¶On rentals of some 13.000,000 telephones to its 23 associated operating companies from 1902 to 1927, A. T. & T. made no less than $50,000,000 and, by one method of computation, $216,000,000 above a 6% return on investment. Rental charges were included in a general charge of 4½% of operating company revenues ''for engineering, financial and legal service." In 1927 A. T. & T. sold the telephones to the operating companies for $38,000,000, making...