One of the pet projects of James Delmage Ross, onetime Securities & Exchange Commissioner, longtime head of Seattle's municipal power system and now administrator of Bonneville Dam, is a standard yardstick for all Federal power projects. Last week Administrator Ross took his yardstick formula to President Roosevelt at Hyde Park for approval. The President approved for Bonneville only, but the idea seemed to be that if it worked at Bonneville the formula would be applied permanently to TVA, Boulder and Grand Coulee Dams and the "little TVAs" of the future. Said...
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