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...requests for several amendments to its basic act. One amendment would increase TVA's right to issue bonds, guaranteed in principal and interest by the U. S., from $50,000,000 to $100,000,000. Another would enable it to get around Federal Judge Grubb of Birmingham, Ala. who had ruled that TVA's authorization to sell surplus power did not give it the right to go into the general business of selling electricity and electrical appliances (TIME, March...

Author: /time Magazine | Title: POWER: Exceptions & Explanations | 6/3/1935 | See Source »

...Senator Norris' amendments to the Tennessee Valley Authority Act. To overcome the ruling of Alabama's Judge William Irwin Grubb, who held that TVA had exceeded its authority in marketing more than a reasonable surplus of its power (TIME, March 4), one amendment authorized TVA to generate power at all dams, transmit and market such power. Other amendments permitted the Authority to up its capitalization from $50,000,000 to $100,000,000, annex the Cumberland River & basin to its domain...

Author: /time Magazine | Title: THE CONGRESS: Work Done, May 27, 1935 | 5/27/1935 | See Source »

...ponderous myopic sexagenarian lumberman named William Elbert Belcher. For 29 years Mr. Belcher has been modestly engaged in turning the slash pine of Bibb County, Ala. into merchantable lumber. The retreat was also from one of the most respected and uncompromising septuagenarians of the South, Federal Judge William Irwin Grubb of Birmingham, whose decisions are very rarely reversed by higher courts. Last October, the Government brought Lumberman Belcher to trial before Judge Grubb on charges of paying lower wages and working his men longer hours than NRA's lumber code allowed. Defendant Belcher readily admitted the facts but argued...

Author: /time Magazine | Title: RECOVERY: Strategic Retreat | 4/8/1935 | See Source »

...attorney remarked that he thought the Government had the right to utilize all the resources of a river, including the disposition of power created thereby. "That would be a benevolent dictatorship," shot back Judge Grubb, who simultaneously enjoined 14 Alabama communities from using PWA funds for municipal power systems on the ground that one arm of the Government (PWA) was, in effect, aiding & abetting another arm (TVA) in an illegal...

Author: /time Magazine | Title: Business & Finance: Grubb on Surplus | 3/4/1935 | See Source »

Three months ago private power men would have hailed the Grubb opinion as a major victory. Last week, preparing for Congressional hearings on the Administration's bill to eliminate utility holding companies, they were almost too glum to notice it. Meanwhile, utility shares collapsed to a new historic...

Author: /time Magazine | Title: Business & Finance: Grubb on Surplus | 3/4/1935 | See Source »

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