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Show DON'T ROCK THE EOAT Yes, business is good. But it is very nervous. National leaders say it may go up or down. This is no time to rock the boat. There is a big national political campaign in the offing and the temptation to manufacture issues is great. 1 he electric light and power companies, because of service given giv-en and economies practiced, are necessarily big and must be prosperous prosper-ous to be able to expand for future needs. Some persons in political c.rcles think there should be a new national investigation of the entire electric industry, in addition to continuous state investigations. David got a lot of free publicity by attacking Goliath. He could have been elected President on the strength of that publicity had there been such a, job at the time. Unlike Goliath, the power companies are not gobbling up frightened people. They are making life easier to live. Good management man-agement has made them great. No individual or single group of individuals owns them. More than' five million persons own the securities of the utilities. That means that one out of every five or six families in the United States has invested its savings in the utilities. P. H. Gadsden, Vice Chairman of the Joint Committee of Nation Na-tion Utility Associations, says the power companies will not oppose an honest investigation by non-partisan, non-political experts, but that they will oppose being made the football of politics. That's fair enough. The utilities are now publicly owned by five millions of people. Their savings must not be jeopardized foi political ends. Markets are sensitive to alarms. Business is "jumpy." Step softly! Don't rock the boat just to be doing something. |