Show Roosevelt Asks New N ev Program Program Program Pro Pro- gram In Utility Control PORTLAND Ore Governor Governor Franklin D. D Roosevelt ir Introduced into his campaign for for forthe the pr presidency presidency iI i- i I dency an point eight-point program program I dealing with water power and andI I public utilities I In presenting his policies to his hla audience here the Democratic tlc nominee severely c criticised 1 certain cert ert- certain ertain ain great corporations which h he he- accused of a ia systematic campaign of lies and falsehood od Utilities he declared should be regulated by a commission that thatis thatis thatis is the tribune of the people Sa Salient lent points in his program follow 1 Full publicity as to all capital capital capital capi capi- tal issues of f stocks bonds bonda and other securities liabilities and and in Indebtedness In- In In Indebtedness capital Investment and d frequent Information as to gross and net earnings 2 Publicity on stock ownership of stocks and bonds and ana other securities se securities se- se including ding the stock and other other interest of all all' officers and directors 3 Publicity with respect to all any contracts and services services services' services ices ices' and interchange of power 4 Regulation and c control of holding companies by federal power pow pow- er commission and the same publicity publicity publicity pub pub- with regard to such holding companies as provided for the operating operating operating op op- companies 5 Cooperation of federal power commission with public utilities commissions of the several states I obtaining information and data pertaining to the regulation and nd control of such public utilities 6 Regulation and control of the issue of stocks and bonds and other securities on the tho principle of prudent investment only 7 Legislation making It a crime to publish or circulate false or deceptive matter relating to public public public pub pub- lic utilities The governor after s setting forth his utilities policy swung into the subject of water power development one of prime interest interest interest inter inter- est in the Paci Pacific ic coast states declaring himself on government ownership in these words I do not hold with those who advocate government ownership or government operation of all aU utilities I state to you categorically categorically categorically cally that as a broad rule the development of utilities should remain remain remain re re- re- re main with certain exceptions a function for private initiative and private capital But the exception he explained explained explained ex ex- ex- ex are of vital importance local state and national and I 1 bell believe eve that the overwhelming majority of the people in hi this country agree with me |