Word: powerman
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Among the charges brought by TVA's ousted Chairman Arthur Ernest Morgan against his enthusiastic young colleague, Director David Eli Lilienthal, was the accusation that Powerman Lilienthal wanted to charge the bulk of TVA's expenses up to navigation and flood control instead of to power development, thus reducing TVA's yardstick for private power rates to pure "subterfuge." Until last week neither utility men nor the public knew just what equations TVA did use in working out its rates. Last week, as the joint House-Senate investigating committee and its counsel, Francis Biddle, squared away...
...than anyone in the Authority. David Eli Lilienthal is a young lawyer, a former associate of Donald Richberg, with a background of fighting Wisconsin utility companies as a member of the La Follettes' Public Service Commission. The Great TVA Schism, boiled down to its essentials, means simply that Powerman Lilienthal, whose chief interest is selling cheap power, and Engineer Morgan, who disapproves of the constant struggling with utility companies which this entails, look at TVA from different angles and are equally uncompromising. Because Harcourt Morgan agrees with David Lilienthal, practical result has been a constant 2-to-1 collision...
Taking up where he left off with Mr. Willkie two months earlier, the President ran through the memorandum point by point, challenging Powerman Willkie at almost every step. Head bent over the paper, on his desk, he was asked to raise his voice. Finally he hit the Willkie request for modification of the holding company "death sentence." That, said the President, was the heart...
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...