Last fortnight's news that Niagara-Hudson Power Corp. (J. P. Morgan & Co.) had acquired Frontier Power Corp. (Mellon interests) set Governor Franklin D. Roosevelt of New York agog (TIME, Sept. 23). The news meant that 80% of New York State would now be served by one hydro-electric company. While the headlines of Governor Roosevelt's announcement that waterpower must be saved for the public from the Power Trust were still streaming across the front pages of newspapers, reporters received a novel invitation. They were invited to assemble...

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