Salt Lake Herald-Republican | 1918-08-30 | Page 6 | Surprise Sprung on Water Power Bill

SURPRISE SPRUNG ON WATER VATER POWER BILL Washington Aug When 29 29 When the tho house resumed consideration o of the water power bill toda today Representative Sims of or Tennessee In charge chars of or the I measure sprung a surprise with a letter letter let let- ter from President Wilson lIson disapproving let let-I ing the proposal to pl pay th the net nol In Investment investment In- In vestment to water power plants ma may be recaptured for Cor public ownership ownership owner owner- ship Tho The President said the net investment investment invest invest- ment provision had after aCter he provisionally approved tho the bill and asked Con Congress ress to pass It In Its orl original form which provides es payment of ot fair CAlr value not exceeding original cost coat The Tho whole fight over the bill r ranges around these nese tt two o phrases the water power In Interests Interests interests In- In Insisting they cannot command capital for fop the development under the thc latter I 1