Word: bondholdersâ
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TIME'S apology concerned only the treatment of Tennessee Power & Light bondholders???a tricky scheme erroneously attributed to Mr. Lilienthal. TVA's Lilienthal did not deny that the stockholders (preferred and common) got nothing except some money-losing streetcars. But in fairness to Mr. Lilienthal, let Subscriber Langdon reflect that he is engaged in carrying out the will of the President and the Congress...
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