Business: ELECTRIC POWER POLITICS

Making Partners of Old Competitors

WHEN Franklin D. Roosevelt was running for President in 1932, he favored using public power as a "birch rod" to control the rates of private utility companies. After the utility scandals of the early '30s, many citizens thought that the rod was needed. For the next 20 years, the Democrats made the private companies a favorite whipping boy, while the Government moved full speed into the power business. Now President Eisenhower has thrown away the rod and devised a new method to deal with the power problem. His policy:...

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