Word: edisons
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...sell electric power (TIME, Nov. 12). On subsequent days the President received calls from bigwigs of the utility world: Wendell L. Willkie, president of Commonwealth ; Southern; Preston S. Arkwright, president of Georgia Power; Floyd L. Carlisle, board chairman of Niagara Hudson; Thomas N. McCarter, head of the Edison Electric Institute (utility trade association). No one told what passed at the meetings except the President. He whispered to the Press that he had made it clear that if too much money had been invested in utility companies, the stockholders should take the loss in reduced dividends rather than consumers in high...
...quadruplex message problem was solved by Thomas Alva Edison...
...rallied briskly on the stockmarket. Director Lilienlhal rejoiced: "It is upon this very basis that the Authority has been administering the law as it pertains to power." Donald Richbcrg jeered: "The opinion of Judge Grubb must be a sad blow to the highly-paid lawyers recently employed by the Edison Electric Institute to demonstrate that the entire grant of power to the TVA was unconstitutional...
...highly-paid lawyers" of the utility industry's trade association are none other than Democrat Newton Diehl Baker and Republican James Montgomery Beck. Soon after the Grubb ruling last week Edison Electric Institute released a 57-page opinion on TVA constitutionality by Messrs. Baker and Beck. Following Judge Grubb's reasoning, Attorneys Baker & Beck concluded: "Neither the power to regulate interstate commerce (including specifically powers over navigation and flood control), nor any of the war powers, nor the power to dispose of government property, sustain the authority of the Congress to enact the Tennessee Valley...
...Press suggested that the husky, thick-set host needed money to finish a hydro-electric project, that a mysterious Southwest power deal was afoot, that the utility men were trying to draft Mr. Couch for active command of the Edison Electric Institute during dark political months ahead. It was even hinted that the whole thing smacked of an unholy alliance of Power, Politics, Education and the Courts...