Word: powermen
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Dates: during 1930-1939
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...industry in a fine show of hindsight set out to reform its trade associations. In the public's mind the old National Electric Light Association was linked with unconscionable private propaganda and the name of the domineering Midwest utilitarian. Invoking the shade of their more saintly patron, the powermen reconstituted their body as the Edison Electric Institute. Leadership passed to the great power companies of the so-called Morgan-Drexel-Bonbright group-a shift calculated in those days to inspire nothing if not complete public confidence...
...companies rather than holding companies, the Edison Electric Institute remained discreetly inconspicuous long after President Roosevelt opened his frontal attack on the power industry. Not until last winter, after the President had rebuffed a "friendly" proffer of cooperation, did the Institute unmask its batteries. Last week before 1,200 powermen assembled at Atlantic City for the Institute's third annual meeting, President Thomas Nesbitt McCarter uprose to keynote: "If the Government persists in its attitude, it is up to the industry to fight for its life. The kid-glove stage has passed...
...guarding the back door against bewhiskered aliens with bombs and torches and at the same time inviting Communism in the front door dressed up in top hat and frock coat?" When the editor of the Chamber of Commerce's houseorgan demanded the return of the "old order," powermen leaped cheering to their feet...
...Weadock is supposed to be the only person who has ploughed through every page of the 73 volumes of the Commission's findings. The five Commissioners he exonerates on the ground that they had not read "the record made by their subordinates." Last week he set the assembled powermen to tingling with delight when he blasted away at the Trade Commission investigation as follows...
Puzzle. While the Commission's horrendous ammunition was being freely fired on the Senate floor in defense of the Wheeler Bill to abolish holding companies last week (see p. 11), the powermen puzzled over what made their industry such a hot political issue. They listened to papers citing a 16% reduction in domestic rates, a 31% increase in domestic consumption in the last five Depression years. They pondered the fact that in 70% of the nation's 20,000,000 wired homes, the power bill is less than 7? per day. They were reminded that total revenues from...