UTILITIES: Indiana Advocate

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One day last week David Eli Lilienthal, boss of Tennessee Valley Authority, came out of the White House with his lips twisted in a grin of satisfaction. He had just told President Roosevelt that there weren't going to be any more big private utilities in the Tennessee Valley: he had completed final arrangements for the purchase of Tennessee Electric Power Co. Big Commonwealth Corp. was to get $78,600,000 for its operating subsidiary.

Triumph for Lilienthal was, on the face of it, defeat for Commonwealth & Southern's Wendell Lewis Willkie. It was...

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