Writ of Certiorari Granted May 13, 1946. See 66 S.Ct. 1025.
GRONER, C. J.
This is a petition for the review of an order of the Securities and Exchange Commission, issued February 7, 1945, under the Public Utility Holding Company Act, 15 U.S.C.A. § 79 et seq. The same case was here in 1942.
A brief statement of proceedings on the first appeal may be helpful in understanding the question now presented for decision.
In 1937 Federal Water...
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