Word: audits
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Dates: during 1930-1939
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...proposal to sell out to TVA came from Willkie, early in 1934. All last year, he and TVA dickered sporadically over a fair price for Tennessee Electric Power Co., chief C. & S. subsidiary involved. The amount invested in Tennessee Electric Power's electric division was found by independent audit to be a net of $86,300,000. Mr. Lilienthal, mentioning depreciation, offered $55,000,000, presently raised...
...Deal and crusty Comptroller General John Raymond McCarl. When Mr. McCarl's 15-year term of office expired two and a half years ago, Franklin Roosevelt did not bother to appoint a successor. In his great Reorganization Bill he proposed to set up an Auditor General to audit expenditures after they were made, transfer to the Treasury Department's Budget Bureau the job of approving them beforehand...
Evidently stirred by Senator Davis' activity, Chairman Donahey traveled at week's end to Washington to ask President Roosevelt for more money for the committee, so that it can audit TVA thoroughly itself. Senator Donahey's own checker-upper will be W. O. Heffernan, now the committee's secretary, long a topflight aide of such employers as General Motors, National Cash Register, the British Treasury...
Publisher John McAndrew of the weekly Beverly Hills (Calif.) Bulletin decided recently his business needed more cash, applied to the Reconstruction Finance Corporation for a loan of $10,000. After an audit of his books, pro-Administration Publisher McAndrew was turned down. Reason: an RFC loan to a newspaper might be construed as a Government effort to influence the press politically...
Investigations of the radio industry and the FCC took a forward step during the week when the Senate Audit & Control Committee lifted Senator Wallace Humphrey White Jr.'s all-inclusive broadcasting investigation demand out of storage by earmarking $25,000 for the probe. And Texas' Representative William Doddridge McFarlane renewed in the House his ten-month-old demand for a radio monopoly investigation. He freshened up his act by charging that two unnamed former U. S. Senators had taken bribes. Mr. McFarlane wants to reopen an old antitrust suit against the Bell System and RCA and its subsidiaries...