Word: yardsticks
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...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...
...famed power rate "yardstick," as developed by Lilienthal, was false because from TVA's rate bases were omitted many costs which private utilities would have had to meet; the power loads built up to bring rates down were built haphazardly, wastefully, with expensive ballyhoo...
...Improper and misleading accounting, reporting and publicity in reference to the 'yardstick...
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...