Show NO MOKE AMU reports front from washing ton tell observers wiy say that tile bill t to 0 create seven more rt regional federal hydroelectric hydro electric projects of the TVA order will probably not come to a i voto veto tills this ses session at the first hearing of tit alu bill only one favorable to tha men tho the senator introducing it if these reports mo are correct the congress of 0 tho the united states la is to be congratulated few balla in trad traducer traduced lit in recent years have less lesa econ or justification or could do moro potential harm to industry taxpayers and all our citizens stripped tripped of verbal camo came flage the bills real purpose Is 18 to advance tile country a long step toward complete socialization of tile the electric industry private investments totaling moro more than 12 would be imperiled and tile cost to taxpayers both in ili the appropriations that would be ultimately necessary to completo complete file projects and lit in the loss lit in taxes texes that occurs when govern ment goes into business and taff takes m private property off the payrolls pay rolla would le be staggering the current attack on private utility industry la Is as uil unreasonable reasonable as it Is pur for it a thard of in fa century power rates have lave stead lly ily doell declined ned and toda today y the average fam faint ilys lys electric bill Is ili less thad ita tog tal dallacco lacco bill 0 ron ut t progress has been made in ili extending rural elect electrification rl flea tion and 11 in 1 bringing to all classes of the blessing oi of low cost electricity As a taxpayer the industry la is second to none ti tile recent report of a representative large utility shows that it paid 1057 in ili taxes for every vald paid to fo stock null mul bond holders liol dors and abid every 1 paid lit in wages angea it IE tile bill tu to creato more tax politically operated Is really dond dead all business will bo be so will fill investors and nil thinking taxpayers the pr tAnt could do no great r service to tho country than to stoutly resist nil all aneli unnecessary legislative ox ex with tho the po mail inon oy cy and tho popo plem Invest cX savings |