Word: controls
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Dates: during 1930-1939
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Among the charges brought by TVA's ousted Chairman Arthur Ernest Morgan against his enthusiastic young colleague, Director David Eli Lilienthal, was the accusation that Powerman Lilienthal wanted to charge the bulk of TVA's expenses up to navigation and flood control instead of to power development, thus reducing TVA's yardstick for private power rates to pure "subterfuge." Until last week neither utility men nor the public knew just what equations TVA did use in working out its rates. Last week, as the joint House-Senate investigating committee and its counsel, Francis Biddle, squared away...
...which the Authority spent on Wilson, Wheeler and Norris Dams, $49,360,179, or 52% of the cost, has been allotted to power, the rest to flood control and navigation, none for fertilizer or national defense. The 52% figure was arrived at by charging to power the $23,967,177 spent specifically for power development, plus 40% of the cost remaining when this and specific expenditures for flood control and navigation had been deducted. With rates based on this allocation, opined Chairman Harcourt Morgan, TVA's power sales "will be sufficient to cover all of the costs of operation...
...baffling curve, got out of that tight spot. In the ninth, young Vander Meer walked three more Dodgers. A tense silence settled over the stands as Manager Bill McKechnie, a smart manager of pitchers, strode out to the box and whispered in Vander Meer's ear. Regaining control, Vander Meer made Ernie Koy hit a grounder for a putout...
...saltier of the Oslofjord's visitors were interested by her duplex bridge, with all the essential instruments of the enclosed lower portion duplicated on a hurricane bridge above. On the bridge no great spoked wheel governs the Oslofjord's, helm, but a modern button-control system-a button for port and one for starboard. To the suggestion that old-line Norse steersmen might prefer the traditional twirl of the wheel to this newfangled steering, weathered Captain Kjeld Irgens, commodore of the Norwegian America fleet, had a gruff answer. "Quartermasters," said he grimly, "shall learn to like...
...Effected regulation of over-the-counter security trading after three years' study by SEC. Passed by Congress just before adjournment was the Maloney bill granting SEC indirect control over 0-T-C trading through dealers' associations. The 9,000-odd active 0-T-C dealers are supposed to band together in geographical groups, draw up rules, elect officers and police themselves (all subject to SEC approval). If SEC decides that this has failed to prevent manipulation, excessive commissions, other unfair practices, it may step in. Though last week's act exempted dealers in Government, State and municipal...