| Show Individual Initiative Is Responsible For Americas America's Growth Says Andrew W. W Mellon Secretary of the U. U S. S Treasury It is private which is ia chien chiefly responsible for Americas America's rapid growth in wealth Whether c we shall continue to grow and ond expand depends upon whether we wc pursue an intelligent and constructive or a n hostile n ain ad destructive policy toward those forces which have brought blought about our present development Fifty years rears a ago o there was no electric light and power jn in America ca Modern household conveniences mo modern ern laborsaving saving and safety devices were then unknown Labor worked from flom twelve to sixteen hours at wages averaging less than one dollar a day The problems of life were simpler in those days but the they held fa far less of material satisfaction for the average man Large scale production at low cost and the thc high earning capacity 01 of workers are the basic factors in Americas America's present high standard of living But only through the electrification of industry have these factors become so effective With Without ut electric light and automatically controlled motor power and amI electric heat the industrial miracles of today would be impossible Yet light heat and power are in themselves no explanation Back Dack of or the electrification of American industry is the impulse which has made al all America great Individual left free to work and plan and reap leap a ajust ajust ajust just reward for its enterprise has invented perfected and produced our electric tools of home and industry I t A I Individual initiative has furnished the leadership courage and skill which have given us an electrical service able to meet the demand of more than a 0 million new customers each rach year The Thc efficiency of the companies' companies management management manage manage- ment and their ability to earn a r reasonable return on an investment of more than eight billions Lillions of dollars have been the basis of the financial support the public has given them and are essential for their continued growth There has never been Leen any granting of special privilege no exploitation in inthe inthe inthe the natural growth of the electric light and power companies Engaged in providing a public service which has played a vital role in the progress o of If American prosperity individual initiative alone has been and must always be the moving force back of our electrical development Dixie Power Company Y CEDAR CITY UTAH |
