Word: rayburnisms
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...accommodated at the clubhouse and most of them went only for Sunday-which was just as well since they would have made unhappy bedfellows. Hardly a guest was there who did not have a grievance against one or more of his fellow guests. Examples: Senator Dieterich v. Representative Rayburn on ''death sentence" legislation for utility holding companies; Senator Tydings v. Secretary of the Interior Ickes on the administration of the Virgin Islands...
...ally of Ralph Brewster in his fight on the Insulls. Mr. Corcoran was roundly assured that Mr. Brewster was one man above all others who could be relied upon to fight the power interests. On the President's orders, went on Witness Corcoran, he helped draft the Wheeler-Rayburn Utility Bill, did his bit to help it along through Senate and House. In this task he had the enthusiastic, voluntary support of Representative Brewster...
...vote margin last month the Senate had approved vital Section 11 of the Wheeler-Rayburn Public Utility Bill, providing that unessential holding companies more than one degree removed from operating companies should be dissolved by the Securities & Exchange Commission within seven years. This was precisely what President Roosevelt wanted. Then Power scored twice in quick succession. For drastic Section 11 the House Interstate Commerce Committee substituted a milder regulatory measure, directing SEC to limit each holding company's operations to one integrated public-utility system. When a poll of House Democrats showed the Administration upward of 30 votes...
...hollow-cheeked, hard-fisted George Huddleston got a howling ovation when, pleading for "regulation" instead of "vengeance," he ripped into both combatants. "I deplore these outside influences," barked Democrat Huddleston. ". . . Before we had the first hearing on this bill the chairman of our committee [Texas' Sam Rayburn] radioed from one end of the country to the other telling the people how bad the utilities were and how much this kind of legislation was needed...
...last year's protest to the Securities Exchange Act, it was strenuous public opposition, and nothing else, that made that measure in its final form a workable piece of legislation. Moreover, the President's views by no means jibed with the harsh wording of the Wheeler-Rayburn Bill itself, which President Hugh S. Magill of the American Federation of Utility Investors called "one of the most autocratic and destructive measures ever introduced in Congress...