Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-12-11

gress for three years, has been pre-
scented, however, by Chairman Nor
ris. of the senate agriculture COM
mittee, which reported the Norris
bill. He informed the senate that If
the Underwood bill, which is before
the senate as an amendment to his
bill, should be accepted, he would
offer an entirely new bill as an
amendment to the Underwood bill.
His new plan thus would have to be
disposed of under the rules before
the Underwood bill could come to a
final vote.
Further delay also is expected
from the desire of some senators to
discuss numerous amendments al
ready offered to the Underwood bill.
NORRIS NEW PROPOSALS
OUTLINED IN ADVANCE
WASHINGTON, Dec. 9-The new
Muscle Shoals bill, which Senator
Norris notified the senate he would
introduce as an amendment to the
Underwood bill if it accepted as an
amendment to the original Norris bill
would declare the spirit and inten-
ton of congress in passing the act
to be:
Ordinarily TO provide for the ma
tional defense by maintaining ready
for immediate use for war purposes
nitrate plant No. ,.
ITO promote agriculture by deVel-
oping cheap fertilizers and other
I things of benefit to agriculture to
the highest Ccgree.
ITO assist in the development of
electric power by the complete stor-
age and utilization OF the waters of
our rivers and their tributary
streams in conjunction with steam
and other sources of fuel to the end
that electrical energy may be car
ried to all citizens.
These objects shall he carried out
as nearly as possible without inter
ference with private enterprise
BeneficiarieS to Share Costs
Both the power and fertilizer de-
velopments at Muscle Shoals would
be developed by a government cor
j. poration known as the Federal Chem
zeal corporation. The secretary of
war would be authorized to complete
construction of dams 2 and from
government funds, and would be per
mtted to construct storage reser-
voirs, but if any private corporation
Isl to benefit by the reservoirs, it
would have to pay a proportionate
share of the cost.
The chemical corporation would be
controlled by a board of three direc-
tors appointed by the president at a
salary of $40 600 a year. Employees
would be selected solely on a merit
basis.
The corporation would have the
use of both nitrate plants, Waco
quarry, railroads and other useful
property for the manufacture of fer
tilizer, which would be sold to farm
ers. \ system of sale that would
prevent charging farmers unreason
able prices would be provided.
Sell Power Surplus
The corporation would have au
thority to sell all surplus power not
needed for fertilizer manufacture
but the board would regulate the re
sale price of the power in the sale
contract. To broaden the transmits
sion of current over a wider area
the board would be authorized to en-
ter into agreements with owners OF
present transmission lines or to con
struct their own lines. The corpora
ton also would be authorized to com
plete the steam auxiliary plant al
nitrate plant NJ. >, according to the
original plan
Capital stock Of the corporation
would be created by turning over the
sum of $S.472 .4S7.25 received from
the Alabama Power company for The
Gorgas steam plant. Receipts from
the sale of surplus property at Mus
Gle Shoals also would he turned int
tho capital stock. which the corpora
tiop would be allowed TO iuCrea 81
from net earnings until So, 1000, 00O
ia raised.
Immediate conversion of the prop
erty into the production of explosive:
in time OF war is provided,