UTILITIES: Power & Politics

The danger of creeping socialism did not "end with a change in national administrations in 1952. The advocates of socialization have insinuated themselves to some extent into both major political parties. Hence the threat of governmental encroachment continues for our industry regardless of which party is in power." With these words, Harllee Branch Jr., president of the Edison Electric Institute and boss of the big Georgia Power Co., last week warned 650 private power men meeting at Boca Raton, Fla. of the "longstanding" threat of socialization of the U.S. private power industry.

While the Eisenhower Administration undoubtedly has a genuine...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!