Word: hydros
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Most crucial and significant of Soviet plan "unfulfillments" is the continued lag in haulage by Russia's worn-out railways. For reasons best known to himself, Joseph Stalin, while spending billions for hydro-electric power and such, still refuses to buy the thousands of new locomotives, tens of thousands of cars and millions of rails which Russia desperately needs. Instead, the Dictator's policy is to menace Russian railway men with firing squads, goad them to achievements of despair in making antique rolling stock roll on. Goader-in-Chief is the Dictator's dear friend Lazar Kaganovich...
...Press suggested that the husky, thick-set host needed money to finish a hydro-electric project, that a mysterious Southwest power deal was afoot, that the utility men were trying to draft Mr. Couch for active command of the Edison Electric Institute during dark political months ahead. It was even hinted that the whole thing smacked of an unholy alliance of Power, Politics, Education and the Courts...
Meantime his budding flower was set upon by cutworms, slugs and aphids. Two preferred stockholders marched into court to block the Knoxville deal. A group of coal and ice companies, which mortally hate & fear TVA's hydro-electric schemes, hastily obtained judicial permission to join the fight. Since the agreement was already signed & sealed, Bond & Share was placed in the anomalous position of fighting shoulder to shoulder with Mr. Lilienthal...
Once ashore, President Roosevelt plunged into the business of pointing the finger of publicity at the concrete results of New Deal spending: the $31,000,000 hydroelectric and navigation dam at Bonneville on the Columbia River 40 miles above Portland; the $63,000,000 hydro-electric Grand Coulee Dam where the Columbia flows through the barren hills of central Washington; the $62,000,000 flood control dam at Fort Peck in Montana on the upper Missouri; the $65,000,000 dam at Devils Lake in North Dakota. By word and deed the President was determined to make the nation...
...present president of the U. S. Chamber of Commerce is no such old-school businessman. Born in Brooklyn 61 years ago, Henry Ingraham Harriman joined the New York Bar, went to Boston to make his fortune. He helped found New England Power Association (which developed the first major hydro-electric sites on the Connecticut River) and untangle Boston's transit tangle. Director in many a potent New England bank and industry, he owns a 200,000-acre cattle ranch in Montana, reads Greek for relaxation. He has been close to the New Deal from the start and his advice...