When U.S. private power companies opened the annual meeting of their Edison Electric Institute in Cleveland last week, they drew their battle lines for the next big test of Government v. private power. The question at issue: will Government agencies or private companies develop the electric power now being wasted at Niagara Falls? If the Government wins, said Niagara Mohawk Power's President Earle J. Machold, socialization of the whole power industry "is merely a toss of the coin . . . [This] stifling of private enterprise can only lead to a...
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