Word: edisonizing
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...Atlantic City this week, 3,000 U.S. public-utility men, members of the Edison Electric Institute, heard a prediction that sent their voltage up. In the next 20 years, estimated Elmer Lindseth, outgoing institute president,* the growing U.S. economy will require three times as much electric power as the industry's present capacity. "That," said Lindseth, "will mean raising $30 billion of capital . . . [a sum] equal to the total investment today in the nation's iron and steel, automotive, petroleum and coal industries...
...without spending $7,500 to make bathing pleasanter at Palm Beach; $21,000 to improve navigation for the crabbers of Twitch Cove, Md.; $34,500 to improve yachting at Stonington harbor, Conn. He thought that $1.3 million for dredging the Detroit River would benefit no one but the Detroit Edison Co., and that $36.9 million to improve the Ouachita River in Arkansas and Louisiana was not justified. In all, he listed $840 million of projects from Prouts Neck, Me. to Westport Slough, Ore.-many of them not even requested by the Administration-which he thought could be lopped...
...rain-dashed afternoon in the spring of 1947 a lean, tense-looking man in his mid-30s walked into Manhattan's Edison Hotel, just off Broadway, and registered for a room. He specified that it must overlook 47th Street. Once upstairs, he walked quickly to the window, looked down on the street below, satisfied himself that the view was right, then turned away and began to pace the floor, chainsmoking cigarettes. Finally he settled down to a vigil at the window. With alert brown eyes he watched the bustling traffic on the sidewalks. How many of the passers...
...York City's $1.5 billion Consolidated Edison Co. serves 2.6 million customers, more than any other private gas & electric company in the world. Last week big "Con Ed" decided to improve its 53-year-old pension system, announced a plan which union & management say is one of the best in the country. Beginning April 1, all 30,000 Consolidated Edison workers who reach the compulsory retirement age of 65 and have 30 years of service will get a pension of at least $125 a month (including Social Security benefits), and a majority of employees will get more. The company...
During Bridges' three days of direct testimony, spectators seemed fascinated, not only by his rasping assurance, but by his astringent and stinging humor. His audience roared with laughter when he happily recounted what happened after he discovered FBI men were searching his room in Manhattan's Edison Hotel in 1940. He typed a series of mysterious notes, tore them up, and planted them in his wastebasket; then he rented a room in a nearby hotel and nightly watched through binoculars as the G-men tried to put. the pieces together...