Word: pwa
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...turkey instead of carve up a map." Correspondents noted that his tongue and temper, raspy when he left Washington, were improved. When he took occasion to tell "his other State" (Georgia) that it really must amend its laws so as to permit it to borrow funds from PWA like the rest of the States, he did so without being sharp or sarcastic...
...Government, their troubles only began. Mr. Willkie, for instance, thought Tennessee Electric Power Co. was worth $120,000,000; TVA was offering $65,000,000. If any public purchaser disliked the utilities' price, bitterly protested Wendell Willkie, it could set up a duplicating system with PWA funds, getting 45% of the money as a gift and borrowing the rest at low interest. Pointing out that PWAdministrator Harold Ickes was the only judge of the fairness of the utilities' offer, Mr. Willkie snapped: "Utility properties without a market are valueless except as junk. ... In effect, the Government holds...
Sadly detailing his own experiences with TVA, Mr. Willkie claimed that every time his negotiations with TVA Director David Eli Lilienthal reached a crucial point, "there has been an interesting coincidence in threats of duplication, either from the PWA or the Chattanooga Power Board...
Harold LeClair Ickes, Secretary of the Interior and master of PWA, has established himself beyond compare as the champion name-caller of the New Deal. Last week he crossed tongues with ham-fisted Chairman Dies of the House's famed UnAmerican Committee, calling Mr. Dies "the outstanding zany* of our political history." Mr. Dies retorted that the Secretary of the Interior "literally reeks with the venom of hatred...
...issue. In the spirit of the newly proclaimed honeymoon (TIME, Nov. 7), RFC Chairman Jesse Jones said that he would have $250,000,000 available for "national defense" utility expansion loans. More in the old spirit of New Deal v. private utilities were four incidents of the week: 1) PWA agreed to lend an additional $3,279,000 for a municipal distributing system in Chattanooga (Commonwealth & Southern territory); 2) for $1,600,000, TVA and 22 cities bought West Tennessee Power & Light Co.'s distributing facilities; 3) in Collier's, Secretary of the Interior Harold Ickes predicted...