Business: Political Power

In President Roosevelt's political hostility toward the electric power business there has always been a grim consistency. As early as 1928 when he first ran for Governor of New York, his dissatisfaction with the State's public service commission alarmed those whose fortunes are founded on the private sale of power & light. Power companies opposed his re-election in 1930, and, more strenuously, his election to the Presidency. At Portland, Ore., in the course of his 1932 campaign, Mr. Roosevelt spoke bitterly of "personal attacks," of a "systematic, subtle, deliberate and unprincipled campaign of...

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