Word: planted
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Dates: during 1930-1939
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Nothing in the physical structure of industry, in the inventive genius of the U. S., in its plant capacity, in its ordinary workaday life, could account for a sense of hopelessness or weakness in facing it. There remained the unemployed, the ramifications of the problem they presented, doubt as to whether they could be put to work. But in ten years of depression, the U. S. had demonstrated that it possessed, as a natural resource more valuable than its mines...
...plushy, conservative Colorado Springs, Colo., and see how one public ownership enterprise did turn out. For Colorado Springs (pop. 35,000) had just paid off the last $181,000 of the $2,200,000 debt it assumed when it began city operation of its gas and electric light plant 14 years...
...Birdsall, who in 18 years on the City Council has drawn no salary, has gigged the city for not a single cent of expense money. Its mouthpiece was beside him: stocky, blue-eyed onetime Utility Engineer Earl Louis Mosley, who has been the city's light and gas plant manager since it was taken over from United Gas and Electric Corp...
...When the city took over the plant it was worth $2,478,000. Today it is worth...
...Since 1925 it has had a total net profit of $4,277,000. From this it has paid $467,500 to the municipality to finance WPA projects and other city enterprises. In addition to $2,200,000 for bond retirement it has spent $1,398,200 on plant expansion, written off $100,000 in old equipment, laid away $111,800 for working capital...