Word: yardsticks
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Dates: during 1930-1939
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...little Fiorello H. LaGuardia. who is financing Relief expenditures through an emergency sales tax, lately turned down a proffered PWA $2,700,000. explaining that he found it cheaper to finance necessary improvements privately. Last week Dun & Bradstreet's Frederick Bird gave municipal financiers a warning, a yardstick...
...from its inception, but did nothing about it until Arthur Morgan publicly exploded. Beyond that, Arthur Morgan flooded and occasionally bored the committee with details in support of his complaints that the other directors shoved him around', deceived him, the public and the President, wasted TVA money, based yardstick rates on spurious or nonexistent cost calculations. But if Oldster Arthur Morgan would cut no capers to supply entertainment, loud Representative Thomas A. Jenkins, a Republican from Ironton, Ohio, made up for the deficiency...
Before and after Arthur Morgan. Messrs. H. A. Morgan and David Lilienthal were heard. Said H. A. Morgan: "TVA is a good thing." Said David Lilienthal: "We cut red tape and went right ahead" (to set up TVA's yardstick in 1933). Later studies, he explained, showed that the rates he originally hit upon were sound...
...ousted Chairman Arthur Ernest Morgan against his enthusiastic young colleague, Director David Eli Lilienthal, was the accusation that Powerman Lilienthal wanted to charge the bulk of TVA's expenses up to navigation and flood control instead of to power development, thus reducing TVA's yardstick for private power rates to pure "subterfuge." Until last week neither utility men nor the public knew just what equations TVA did use in working out its rates. Last week, as the joint House-Senate investigating committee and its counsel, Francis Biddle, squared away to look into this and many another TVA question...
Testifying last, Director Lilienthal was expected to supply the major fireworks. Although he occasionally put some feeling into his voice, once pounded his desk, his was mostly another long, dull recital. After deploring the "reckless charges, insinuations and unjustifiable slurs" of a "character assassin," Director Lilienthal defended his "yardstick," his negotiations with Commonwealth & Southern, the wisdom and economy of his power program. Of the Berry Marble Case he said: "I deny flatly that I adopted ... a position of deference to Major Berry. . . . This particular situation concerns a mere difference of opinion ... as to the course of procedure best adopted...