With scarcely a notice from the press and but little attention from public men, except those concerned in preparing the legis? lation, there was passed in Congress, in June, 1920, an act which is bound to have a great and growing influence in the general industrial development of the United States and in the extent to which the states and their various municipalities will accept the opportunities offered of controlling their own public services. This act creates what is known as the Federal Power Commission.