Word: walker
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...last week to be pleased. Every man accustomed to getting $9 a share in annual dividends on his American Telephone & Telegraph Co. common stock had reason to be anxious. For, in the most far-reaching and drastic report of its kind ever submitted to Congress, Federal Communications Commissioner Paul Walker recommended that telephone rates be cut 25%, and that FCC be given more absolute control over A. T. & T. than any Government agency has ever held over any U. S. industry except in time...
Commissioner Walker's 1,100 pages of indictment and proposals are the result of three years' investigation. They would still be the Commission's secret had not the Commission learned that communication circles had somehow "tapped its wires." Rather than give A. T. & T. a chance to prepare a counterpunch while FCC studied the report, lively little Chairman Frank R. McNinch decided to make Commissioner Walker's findings public at once. But he specifically told Congress that it "is not a report by the Commission, but is instead a report submitted to the Commission...
Commissioner Walker's major premise is that, because of A. T. & T.'s system of cost accounting and its relations with its manufacturing subsidiary, Western Electric Co., its costs are far too high and could be reduced enough to bring telephone rates down 25% "without interrupting existing net earnings." Other Walker assertions and proposals...
...these sweeping recommendations into effect, Paul Walker asked that the Communications Act of 1934 be amended to give FCC authority: 1) to "review, approve or disapprove all Bell System policies and practices promulgated by the central management group"; 2) to "permit regulation of the Western Electric Co. by the FCC as a public utility"; 3) to "fix temporary rates whenever it appears that the return on net book cost is excessive"; 4) "to regulate Bell System financing"; 5) "to limit the scope of Bell System activities to the communications field" (Bell System at various times has been involved in radio...
...right to cross-examine investigation witnesses and to be heard in our own behalf but were denied the right to have included in the record written material which we had prepared and considered necessary to point out serious and important errors affecting most of the investigators' reports. Commissioner Walker's report must be appraised in light of these facts. ... It presents much that is imply not true...