Word: waters
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Dates: during 1930-1939
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...steel brace. After services in the church, Mrs. Geraci and some 500 other worshippers followed Father Pasquale T. Lombardo to St. Lucy's new, $10,000 outdoor shrine, a replica of the famed grotto at Lourdes. Mrs. Geraci went to the shrine's pool, fed by city water trickling over big rocks below a statue of the Virgin...
Paying small heed to those about her, the goodwife sipped the water, prayed quietly. Suddenly she felt "the pricking of needles" all over her. Slipping off her shoe and brace, Mrs. Geraci stepped into the pool. She clambered out, jumped up & down, flexed her muscles, exhibited a healthy left foot. Everyone shouted...
Homeward bound on the Pennsylvania one night, an idea struck him. In the arid west, where the U. S. Bureau of Reclamation has for years provided water and sometimes generated power as a byproduct, Bond & Share units have bought this public power and transmitted it to their own customers over their own lines. Why could not Bond & Share keep Bonneville and Grand Coulee from building transmission lines by the same means? Why not buy their power and distribute it, dovetailing public power plants with private transmission lines and private meters...
Next move was Groesbeck's. In eastern Washington, Bond & Share's small Washington Water Power Co. (450 miles of lines) has been threatened with competition from giant U. S. power plants at both Grand Coulee and Bonneville. Last month it sold $22,000,000 of 3½% 25-year bonds for refunding and new construction at the gilt-edged price of 105. Unworried investors gobbled up the issue...
Last week, Mr. Groesbeck began to see daylight. At a White House press conference, the President used a routine question about TVA as an opportunity to take newsmen up the mountain. He pointed out that "a company," obviously meaning Washington Water Power, in Grand Coulee and Bonneville territory had just sold an issue at "pretty good terms," thus inviting White House reporters to chalk one up for his contention that operating companies with good capital structures (a pat for Washington Water Power) whose "managers" indulge in no soapboxing (a pat for Groesbeck) can count on all the "investor confidence" they...