Business & Finance: Sweet Cider

Truces between the New Deal and the public utility industry have been about as frequent and as transient as European war scares. But last week came a truce which really seemed to amount to something. Columnist Arthur Krock enthused:

"A whole barrel of the apples of discord is thus thrown overboard."

Biggest crab apple in the barrel of discord has long been Electric Bond & Share Co., which led the fight against the Public Utility Holding Company Act ("death sentence") requiring that utility empires be reorganized into geographically integrated systems with no more than...

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!