Word: ownerships
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Dates: during 1930-1939
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TIME'S article, July 22, "Ouster Aftermath," about my being "dissatisfied with the disrespectful treatment'' of instructors of Omaha Municipal University toward private ownership of public utilities is absolutely erroneous. Whether the professors were for or against private ownership never came to my notice. In the years of my connection as regent of Municipal University or its predecessor I never discussed with a member of faculty or student body or regents any public utility subject except in one instance, when I approved before all nine members of Board of Regents the subject of the Tennessee Valley Authority...
...Mardi Gras. In 1929. by courtesy of the American Legion, he was First Citizen of Omaha. He is president of Nebraska Power Co., past president of the National Electric Light Association. Mr. Davidson was reported dissatisfied with ihe disrespectful treatment which Dr. Sealock's young instructors gave private ownership of public utilities...
Coming out vigorously for Government ownership, the committee, headed by Alabama's Hugo La Fayette Black, declared that private operation with Federal aid "has resulted in a Saturnalia of waste, inefficiency, unearned exorbitant salaries and bonuses and other forms of so-called 'compensation,' corrupting expense accounts, exploitation of the public by the sale and manipulation of stocks, the 'values' of which are largely based on the hope of profit from robbing the taxpayer...
...Public Service of New Jersey continued: "Since the present national Administration was inducted . . . there has been launched by it against this industry the most devastating and destructive attack, having for its object the end of private operation of the electric industry and its nationalization under Federal direction and ultimate ownership...
With threats of Government ownership, increased competition from automobiles, buses, airlines, and a steady decline in passenger traffic, the railroads pulled themselves together, struck back with airconditioning, streamlining, high speeds, lower fares (TIME, May 13). The problem was not so much to popularize travel or sell individual tours as to make rail-riding look attractive once more. To do that job, 26 railroads and Pullman Co. combined for the first time in a joint institutional advertising campaign which comes to a climax next week with Railroad Week...