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Joseph P Joe Kennedy Sr — Part 5
Page 55
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The National Whir — ‘eClure Newspaper Syndicate
f254> = 10 Guar ENTIAL = NOT FOR RELEASE
; 2e5 October 1936
issurd by the Sceretary of Leber, to put the WalsheHenley cot inte effeot, teen te put
@ stop to the preetice cf Miying in this foshicn, exeept in eo0]] anounts which are
authorized without advertising for bids, The effeet of the reguicticn is te forer
sontrnotors to comply with the latcr provisicns cf the new lev. Yhen the bill was
before Congress ite sponsors stated that purchases of goods "from the shelf" would né
some within the purview of the law.
eorren 4
PRCTECTICN Before election dey it is expeeted that large numbers of emergency empl over
Will be “covered” into civil servior. This may be construed a9 @ preesutionnary nore,
to insure jobs for Democrats now in office Qgoinst possible party disaster in Nuvesca.
Preliminary steps hove been taken indicating that most of the Home Cwmers Lorn Core
poretion personnel will be plnced under sivil servier without eximinction,
. eer
REGHLATION Radlrocd men complain that the Interstate Commerce Comission is "mighty
wicu™ in regulcting eompeting truck lines. The Commission hrs extended until Dec, 1
the requirenent for rezistretion of trusking ecntracts, so 1.8 to give time to seperete
eontroet lines from commen eorriers, Grodunlly the Commission is noving toward ccm
plete reguiction cf interstate truck corriers.
een et
NEW YORK
By Jomes Setullin
LEAST A notrble omissicn from the list cf those invited to the White House power pool
conference gives signifiernt support to the eententicn that the cdrdnistraticn relly
is trying to promote cn understanding with the privite utilities in the Tennesec Vrlim
Oreos
Ostensibly the purpose of the parley is to consider what arranzenent should be
made to replace the existing contract between TVA and Commonwealth & Southern which
expires November 1. It is therefcre natural that ‘erdeil L, Willkds of this grour
and Preston Arimright of its subsidiary Georeic Fower should be presinently among thar
present, 4 point worth noting is thet Comecenweelth & Southern ranks hich among the
“gleen™ groups even in the sritical cpinion of New Decl agents. Ey the somz token,
Mr, Willcte ie one of the few mjor utility executives who hss never been personally
identified with uny of the finoneial or necounting proetices which the New Dealers
have attacked cnd sought to eliminnte in the helding compeny sot, te
If FOR were trying to promote a disguised ponitive expedition against the utile ~*~
ities in the guise of a friendly get-together «as timorous conservatives have fears
+ Comzonatelth & Southern would be about the least vulnerable target he could choose, 7 oe
eens - -.
FORTUNATE Carry the amlyeis a step further, Next to Commonwealth & Southern, Eleee
trie bond & Share has the biggest stake in the Tennessee Valley of cny priyete utility
groupe. Yet you will look in wnin for any representative of Electric Bond & Stare
among the conferees. . 4
. Zt is safe to neswee thet thie is no accident, Bond & Shore wos picked from once
Oll the nonercgistering holding companies ns the best subjeet from tre cdministreticr's
wiempeint or which to test the legen) yvolidity of the holding conpony act, Governnort
lewyers believe they hove nn excellent ehanee of proving thet this group hes prootice:
most of the college? abuses which the holding company ust sercks to correct.
So wheat? So the keenest New York observers ore convinecd that if FOR intended tc
use the power pocl prricy cs the springboard for another assault on the utilities he
would certcinly hove seen to it that Electrie Bend & Share wos among these Frisente
Conversely, if he sericusly plans c pecee pact with the industry he presumbly prefers
te negetdcte it with the "purest” compony he omn find « net one of the alicrpedly most
vill-inous, Therefere his ehricse of pow eonferces is rated c fortuucte omen
Sur <pe indo
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