Word: powermen
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...badgering utility holding companies out of existence. In his press conferences lately the President has been stressing his distinction between operating companies, which he generally praises, and holding companies, which he invariably damns. Particularly irritating to the President is the phrase "widows and orphans," which is constantly used by powermen in any discussion of the possible effects of New Deal policies on utility securities...
...everlengthening procession of TVA wonders. Some are very angry indeed but no one is bored. TVA's magic wand waves too fast for the eyes of the rest of the U. S. to follow, one group excepted. Last week this group&151;the U. S. powermen&151; spotted the end of a first big chapter in the New Deal's greatest paternalistic experiment...
...golden opportunity to prove that Government can distribute electricity more cheaply than private capital. TVA is like a "yardstick" which may or may not lead to socialization of all U. S. Power. Dave Lilienthal swears he will include all costs in his rates, but few powermen will concede that his yardstick will be 36 in. long...
Pessimistic powermen expect Mr. Lilienthal to continue his dashing campaign until he runs every private company out of the Valley with a total loss of holding company equities. However, Bond & Share and Commonwealth & Southern, the systems most vitally affected, have lately acquired a flock of allies which may sand Mr. Lilienthal's high-speed gears. A potent group of bituminous coal operators have filed suit, challenging the Constitutionality of the whole TV A program. Electrical equipment dealers are pouting at the narrow profit margins on Electric Home & Farm Authority lines. Ice and fuel dealers, whose business is threatened with...
...Last spring in Manhattan Mr. Lilienthal asked a convention of savings bankers: "Can it be that they [the powermen] are deliberately trying to depress the prices of sound senior securities, so that they can be bought in at hysteria prices...