Word: valleyful
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Dates: during 1940-1949
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...reminded last week that the real battle of the cold war is far from won-or even fully joined. Addressing the Mississippi Valley World Trade Conference in New Orleans,* Massachusetts' Senator Henry Cabot Lodge Jr., the No. 2 Republican on the Foreign Relations Committee, put the case bluntly. Said...
...heaviest floods in over 100 years burst over Missouri River banks last June, destroying lives, crops, property, and running up a tremendous bill of more than a quarter of a billion dollars. The floods also brought swift and angry demands from Missouri Valley citizens for relief action by the penny-wise U. S. Congress which had cut river control funds early in 1947. So once again, Congress found itself faced with the perplexing problem of what to do with the Missouri River. The piecemeal sandbag method evidently wasn't working. But although President Truman called for an ambitious program...
...were two plans for not only Missouri River flood control, but for navigation, irrigation, and electric power as well. One, the Pick-Sloan plan of the Army engineers and the U. S. Reclamation Bureau, was already in the blueprint stage, with some construction under way. The other, a Missouri Valley Authority following the general pattern of the TVA, was only on paper. The difference between them was that the Pick-Sloan plan was an amalgam of Federal and State agencies, and of compromises between proponents of irrigation and navigation, while the MVA would be an independent regional agency treating...
...supporters fought back. Labor, farm, and business groups organized a Missouri Valley Regional Committee to promote MVA in July, 1945, and called for a million-name petition to be waved at the rocaleitrant Congress. One of the Committee's promoters, a state senator from Missouri, had just been converted to MVA by a tour through the Tennessee Valley, "The trip completely eliminated from my mind the erroncous idea that TVA was of a socialistic, regimenting, paternalistic character, dabbling in social service, character-building, folk dancing and other foreign fields," he said. But President Truman's original enthusiasm...
...financially sick railroads. The law permits roads on their uppers to reorganize under ICC supervision without going into slowpoke bankruptcy courts. ICC cannot order any reorganization into effect unless holders of 75% of the securities approve. At least three railroads-the Missouri-Kansas-Texas, Lehigh Valley, and Boston & Maine-are expected to take advantage of the new law soon...