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Show THE + The Legislature ‘page The Governor’s announcement wants blanket authority to revamp fare setup seems to have Kilowatt Rate Hearing— (Continued from fallen 1) (Continued that he the Wel- inter-related secret that His Excelleney and well-oiled political of all other During the past two weeks most The of utilityism, nurtured at street, reaching full flower. difficulty in renominating himself—a _ eatastrophe that most intelligent Democrats want to avoid. Naturally Maw wants to protect his politi- Early fused to eal future, if it is at all possible to do so. Opinion in Labor cireles—his mainstay in 1940— He isn’t goimg to be able to fool Labor twice. Consequently he is sunk unless he ean organize a new political machine—with the help of the Three Gs—and thereafter neutralize the inevitable opposition That is why His Excllency wants of Labor. to revamp the Welfare setup without the advice and eounsel Meritorious of the Legislature. bills early deserving consid- eration of the legislators include the following: A bill by Representative Sorensen to increase the pay of State officials employees and by 20%, An inerease in old age pensions to $40 to relieve distress among pensioners who have had to survive on $30 a month with little or no supplemental assistance. And a bill by Quayle Cannon to increase income tax exemptions to lighten income taxes in the lower brackets. Savings arising from reduced State activities and from reducing State commissions to departments one-man toward ferred providing to. would funds go a long for the measures of the time nationally known utility witness. Mr. Smith is the advocate de luxe of Bond Indeed, in the intricate & Share economics. trending and indexing methods of Mr. Smith we find the peculiar, if not malignant theories eroup into a new and bigger Maw machine, financed with public money, he would have no up with him. - Jones, Treasurer of the Company and Benjamin L. Smith, Albany, New York, engineer and ease workers anc other employees in the Welfare program reach something lke 20 to 25% of the voters of Utah, directly and indirectly. If Maw were given authority to convert that has eaught kilowatt has been devoted to cross-examination of the Power Company’s officials and experts. Of special importance was the testimony of R. H. would machine. 1) Power Company case must collapse. like to kick out the merit system and Federal participation in order that he might establish a new statements page claims alone with its more moderate contentions—must all be substantiated or the entire seale’’. It is no from witnesses. Their approach to the problem has brought about a situation whereby the entire fabric of the Bond & Share case—its wildest on deaf legis- lative ears. The law-makers apparently are already familiar with unrestricted, unconstitutional grants of power to Herbert B. Maw. The idea doesn’t go over at all this vear. Senator W. A. Dawson hit the nail exactly on the head when he exclaimed: ‘‘I am not in favor of making the same mistake twice—and on a larger SEARCHLIGHT way re- as use basis theory, that rate for Rector that existing with and de- line. By making, along evidence to hear of 2 in the hearing the Commission reconsider ‘‘reproduction costs new’’ a suitable clined No. price high levels, grotesque values would be given ancient properties about ready for the junk pile. Mr. Smith trotted out the ue ‘‘fluetuating of the dollar’’ as a clever kilowatt tute to arrive same at the ‘‘RCN”’ val- substi- goal—dif- ferent words and terminology to reach the same conelusions. But under persistent crossexamination by the Commission’s staff, Mr. Smith’s testimony was virtually discredited, and shown to be merely ‘‘RCN”’ dressed up in new clothes. Admissions were made by Mr. Jones, under cross-examination, that he did not know what proportion of the Company’s acquisition costs consisted of intangible items and promotional writeups. Pillaging raids on the Power Company by Bond & Share, whereby assets were siphoned into the holding company, could not be reconciled by the witness as legitimate items for inclusion in a rate base. The manifest determination of kilowatt witnesses to sidestep forthright admissions of surreptitious attempts to include writeups (Continued on following page) |