Word: rea
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Dates: during 1930-1939
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...GARDNER REA...
Chief aim of REA is to organize farmers in co-operative associations to build power lines on money borrowed for 25 years from the Government. But States, Territories and even "persons and corporations" can borrow money for that purpose. Power plants, as the bill's backers explained, would be built only where necessary, since in most cases power would simply be bought from existing utilities. Individual farmers would be given five-year loans to wire their houses and install electric equipment. Of the $40,000,000 a year ($50,000,000 of RFC money the first year), half will...
...Since REA provides for no yardstick competition and many a utility company should profit by the sale of additional electricity in districts where it does not now care to risk its own money on transmission lines, power companies raised little objection to the Norris bill. Only serious kick last week came from New York's Representative James Wolcott Wadsworth Jr., who feared that by lending 100% of the cost of such projects the U. S. would risk a lot more money than it would ever get back. Said this onetime Senator scathingly: "I predict that...
...McCrea was succeeded by Samuel Rea, who had been the active supervisor on the tunnel job. His administration extended through the completion of the Hell Gate project, the building of Manhattan's Pennsylvania Hotel, the War years, and the beginning of the 1920's. These were prosperous years for the Pennsylvania, which ran its gross income from...
Despite many inconsistencies and a style which well nigh drives the reader to distraction by its incoherence, Mr. Rea has presented a compelling picture of the Far Eastern situation in terms of Japanese interests...