Gods Valley People And Power Along the Tennessee River

Cover Gods Valley People And Power Along the Tennessee River
Gods Valley People And Power Along the Tennessee River
Willson Whitman
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" It's not certain what he would have advised if the price of peace had been measured in millions of dollars instead of boatloads of trade goods.
But there was a later, and closer, parallel in the Yazoo case. There the government commission well knew that the claims had no stand- ing in equity, and they were not cheap, but they recommended pay- ment because it was either pay the five million or split the party and the country.
Buying utilities, you do expect to wring some of the water out; esti
...mates of the value of private investments in the Valley, made by the companies themselves or by their spokesmen in print, run all the way from $500, 000, 000 to two or three times that. Smart people have calculated that if Uncle Sam wanted to act like a regular trader and buy control of the power corporations, instead of buying them out- right, he could get hold of all the utilities in the country for $500, 000, - ooo. And he owes it to his stockholders, the American public, not to spend money foolishly.

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