Word: capehart
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Private Power Fires. The private power companies were slow to organize a rebuttal. But when Niagara Mohawk did join with four other major utilities* to back the Capehart-Miller bill, which would let them do the job, they presented some impressive arguments. Their know-how and existing facilities in the area, they said, would keep the project millions below the Government cost, and finish the first phase three years ahead of the Government. Private rates would be slightly higher than the Government's, but only because the companies would pay $23 million a year in municipal, state and federal...
...would give the Government-operated plants a price rise? Not if Price Stabilizer Ellis Arnall could call the tune. Georgian Arnall lashed out at the companies for their insistence that the WSB benefits would add $12 a ton to production costs. Steel could have a price boost under the Capehart Amendment of $3 a ton, he declared, but no more. "I'm not going to any Munich ... If the price of peace is surrender and a steel price increase, we're not going to have peace . . ." The companies struck back with full-page newspaper ads, and denounced Arnall...
...week's end, President Truman called Mobilization Boss Charles E. Wilson down to Key West to talk over the problem. The Government had some leeway; the steel industry was owed a price increase, of perhaps $2 a ton, under the Capehart Amendment allowing for post-Korean cost rises up to July 1951. The question was how much higher to go above that. The steel companies were scheduled this week to resume direct negotiations with the union, broken off in December. But the talks would probably just mark time until Truman and Wilson decided how big the steel price increase...
...major Administration control and tax programs, with one exception. The exception: in 1947, voted with Republicans to override the President's veto of the $4 billion Republican reduction of income taxes. AGAINST (with Truman): the Kerr bill to exempt independent natural gas companies from federal regulation; the Capehart amendment to require automatic price increases to balance rises in production costs...
Faye Emerson, the innocent bystander, was groggy but still game. "Tempers got a little hot," she conceded, "but this week we have Senator Kefauver, Senator Capehart and Senator Blair Moody. With just Senators, I don't think we'll have the same trouble...