Business: Dead Flower

The Tennessee Valley Authority is a number of things to a number of people, but to Socialist Norman Thomas it is "the only genuinely socialistic project in the New Deal—a beautiful flower in a garden of weeds." Tenderly cultivated by TVA Director David Eli Lilienthal, the flower budded prettily last summer when Electric Bond & Share agreed, at pistol point, to sell its Knoxville, Tenn. power & light properties to TVA. The pistol was the threat that Knoxville would build its own distributing system with a PWA...

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