Word: mcninch
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Dates: during 1930-1939
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Last August Franklin Roosevelt plucked goggle-eyed Frank McNinch, one of the liveliest members of the Federal Power Commission, and made him chairman of the Federal Communications Commission. His job was to inject some New Deal vigor into the politics-ridden FCC. Last week the results became apparent...
...story of Adam & Eve (TIME, Dec. 27).* Among the 1,000-odd letters of criticism that showered on National Broadcasting Co. was one from FCC asking for a transcript of the program. Last week NBC President Lenox R. Lohr got another letter from FCC, signed by Chairman Frank McNinch. Taking time out from such radio supervising jobs as dividing up the ether, allotting slices of it to broadcasting stations and licensing operators, Mr. McNinch sounded off on Mae West...
Fortnight ago at the annual convention of the Investment Bankers Association of America, Frank R. McNinch, former chairman of the Federal Power Commission, argued that the New Deal's power policy had proven fair and constructive because "the power industry showed a record of the greatest production and consumption in its history for the year ended July 31, 1937." To that the I. B. A. delegates, whose prime interest in power is selling power securities, retorted: The New Deal's attitude had held up some $3,200,000,000 of private utility spending for needed expansion-money which...
...retiring I.B.A. President Edward B. Hall declared last week, "the immediate outlook for new capital financing is discouraging." To make it less so, the I.B.A. decided, is up to the Government. Though SECommissioner George C. Mathews cordially asked for co-operation and Chairman Frank R. McNinch of the Federal Communications Commission emphasized the orthodox New Deal point of view that business regulation is inevitable, the assembled bankers unanimously agreed with President Hall when he accused the undistributed profits tax and the capital gains tax of being the major hurdles in the path of future financing volume. Said he: "Something could...
...When able 64-year-old Frank Ramsay McNinch was appointed temporary chairman of the Federal Communications Commission last August (TIME, Aug. 30), told to set it in good order, observers who knew McNinch wondered how long it would be before feathers began to fly. Last week they flew. As organized heretofore, the FCC consisted of three principal departments-Telephone, Telegraph and Broadcast, each with its own $7,000-a-year director. In Washington last week, Chairman McNinch announced that henceforth the seven-man commission would function as a single unit. Said he: "It is a cause of regret...