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...

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