Word: powerman
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Dates: during 1930-1939
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However, the day before Mr. Carlisle's visit, President Roosevelt talked with a powerman whose case is a comprehensive summation of the industry's present grave problems-Wendell Lewis Willkie, president of Commonwealth & Southern Corp., a billion-dollar holding company with a huge chunk of its operating properties located smack in the centre of invading TVA's sphere. Though he has become the industry's spokesman in dealing with the New Deal, Mr. Willkie is by no means a typical powerman. A blunt homespun Hoosier who got into power by way of the law-after...
...part the President seemed to have brushed over most of Mr. Willkie's arguments and suggestions in effort to convince the powerman that the utilities really had nothing to fear, arguing that Government projects now accounted for only 10% total U. S. power production nd that on a geographical basis the limit was 18% of the country in area, 13% in population. Mr. Willkie tried to convince the President that investors did have very real fears and consequently would not furnish money for utilities to spend, particularly "junior money" (common stock). Each concurred that the utilities could profitably spend...
...private powerman who has to pay interest on the entire cost of a dam or a steam station, this arbitrary allocation of Government costs seems thoroughly unfair. Moreover, a public project pays no taxes, which may take as much as 25? from every private power dollar. And after the Ross formula works itself to its 40-year conclusion, the Government apparently will be almost ready to give its power away. Cried the Republican New York Herald Tribune: "Bonneville may be a yardstick to Mr. Ross. To the plain citizen its economics are just slapstick...
...Private Powerman Day the official transfer was doubly trying. It occurred on the 42nd anniversary of his entrance into the company as a gas salesman. He still had the gas half of Los Angeles Gas & Electric, which is a subsidiary of Pacific Lighting Corp., but the electric business had been sliced off clean. "It was forced on us," said he bitterly. "There was nothing we could do. It broke my heart...
...Public Powerman Scattergood, the $46,000,000 deal crowned a 35-year-old dream. Born 65 years ago on a New Jersey farm which had been in his Quaker family since 1683, Mr. Scattergood learned about power at Rutgers (Class of 1893), became a Master of Mechanical Engineering at Cornell, went South to teach at the Georgia School of Technology. But the tuneful libel on Georgia Tech could be applied only to Engineer Scattergood's health, which was so badly wrecked after two years that he had to ramble off to Southern California...