Business: Public over Private

Public utilitarians were dazed and disappointed by last fortnight's elections. Where the issue was raised, citizens revealed a determined desire to try municipal ownership and operation of local power & light systems. Not so many communities balloted on public ownership as last year but what worried private operators was the fact that the propositions were carried this year despite a notable decline in the chances of borrowing government funds.

Electric Bond & Share, having suffered a major defeat in Knoxville last year, was again completely routed in...

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