Word: kerrs
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There were Democrats to the right of him, and Democrats to the left of him. Into the jaws of the Kerr bill rode Harry Truman...
Besides the heavy wind, Harry Truman's vacation preserve was invaded by another rude noise: a crew of workmen showed up to install a teletypewriter to handle in triplicate all the messages demanding presidential veto-or signature-for the highly volatile Kerr gas bill (see BUSINESS). Most ringing of all was a round robin from mayors of 18 principal U.S. cities urging a veto in the name of their millions of gas consumers. Harry Truman, originally reported ready to sign the bill, delayed his decision until he returned to Washington...
...hullabaloo of argument, President Truman tried to make up his mind last week whether he should sign or veto the Kerr gas bill (see NATIONAL AFFAIRS). The bill's opponents loudly damned it as the biggest raid by "special interests" since Teapot Dome. Just as warmly, the bill's backers called it indispensable for the further growth of the natural gas industry...
...companies, who had championed oil-rich Senator Robert Kerr's bill for all they were worth, marshaled some potent arguments on their side. Despite all the political uproar, they pointed out that the bill, which exempts "independent" gas producers from the price-fixing control of the Federal Power Commission, merely repeats and clarifies a previous congressional action. The 1938 Natural Gas Act, in their opinion, had specifically exempted the independents (i.e., those gas producers and gatherers not affiliated with interstate pipeline companies) from FPC's jurisdiction. The U.S. Supreme Court had disagreed in 1947, when it ordered Louisiana...
...some cases quintupled (the price had been so low ten years ago that gas had virtually been given away). Yet the average price of natural gas to residential users had dropped from 70.9¢ per 1,000 cubic feet in 1939 to 63.5¢ in 1948. Even if the Kerr bill becomes law, the rates charged by transmission companies and utilities will still be regulated by FPC or state utility commissions...