The people's voice. [volume] (Helena, Mont.) 1939-1969, 1947-04-18

program of resource development have
been completely established in the
minds of the American people. The
| IVA stands as a CONSPICUOUS accomp-
| lishment of government in that period,
and will be recognized in history as an
outstanding democratic achievement.
81. Certainly, the American people
can be thankful that the demands of
the private utilities were not allowed
to prevail in planning the development
of the Tennessee river.
Must Dry Up Source of Profits
"Of course, this struggle on the part
of private power interests will not soon
end 1t will go on as long as the power
interests are provided with overflow
ing treasures with which to finance
their devious plans and schemes to
overcome our national policies relat-
ing to the development of public power,
established by the congress and sup
ported by the people these many years.
1--WE find the private power COM
panies now distributing their prepos-
ferrous analysis of IVA accounts as
part of their share of the Infamous
campaign. If Mr.. Lilienthal had never
been nominated to the Atomic Energy
commission, the private power COM
panies' propaganda against the IVA
would be in full swing anyway. But
this occasion gives the enemies of pub
lie power a chance to do double job
first to discredit IVA and, second,
to deprive the country of tested pub
lie servant who has shown that he will
defend the peoples interest when it
is threatened by private greed.
Will Stoop To Any Level
cit is safe to say that every private
power company in the country has
been circuIarized with the ludicrous
analysis of TWAS financial set-up
which the discredited Edison Electric
institute has been distributing as a
part of the vigorous and extensive,
referred to. That propa-
ganda agency of the power monopoly
this widely distributed state
ment endeavors to prove that TWAS
power operations are unsuccessful by
the astonishing device of charging
the cost of all IVA projects and activ-
tiles, even the cost of munition plants
and navigation locks, both so indis-
pensible in World War IL, against rev.
9nues from power sales so as to mini |
nize the return on the investment. By
or
;pecious logic thus advocated by the |
edison Electric institute, the electri-
,ity consumers of New Orleans should |
,e forced to pay the cost of levees
which protect the lower Mississippi in
lines of floods, and the navigation
ams on the Ohio river should be
charged to the consumers of power in
hat area.
In spite of the witch hunters
nd the Edison Electric institute COM
lined, TWAS record stands up. Every
itizen should know that the power
consumers of the Tennessee valley are
aging amounts which will return to
he federal treasury every dollar IVA
as invested directly or indirectly in
over facilities, and some 40 years
ence, the taxpayers original power
Investment will have been repaid, the
overnment will still own power sys- ]
en- of infinitely greater value, greater
ervice, and greater earning capacity, {
han the one which the taxpayers {
loney created, for consumers money !
going into its Improvements every |
ear. i
"Big Lie" viii Be Caught Up With {
" 1t takes time to catch up on [
lie 'big lie'', but it will be done. The q
aople will learn that in spite of power t