Show CLOTHING COMPARED lr WITH ELECTRICITY Here is an interesting fact concernIng concerning concerning concern concern- ing the power industry More capital is required to produce produce produce pro pro- duce one cue dollar of gross earnings by electric utilities than by any other leading American Industry The investment in investment in- in vestment estment in the case of the utilities amounts to as compared with 63 for oil producing and refining for railroads 35 for lumber for agriculture for iron and steel In the shoe shoe automobile and clothing businesses the Investment investment Invest invest- ment merit required is but 66 63 and 5 31 respectively In other words electric utility capital turnover is once in years ears while the capital invested invest invest- ed by clothing manufacturers turns over o times per year This fact would seem to indicate that electric rates far from being ex excessive excessive excessive ex- ex are extremely reasonable The Industry's profits have hae been held to toa toa toa a modest level with the maximum established by law Fair regulation protects the interests of the public and the utility which latter term includes Includes in includes In- In the Investor Interests investor Interests which in the long run are one and the same came thing |