Show What Is The Difference J a r. r The advocates of public power in the United States have an appealing argument They show that it amounts to only about 20 per cent of the nations nation's total output and that private companies expand as the Federal power program is being developed They point to the heads of a few private power companies who say they can buy power from public agencies satisfactorily and retail it to their customers Also I they assert that when public power plants buy buyout out private power companies they do so on a fair valuation basis and that there is no difference between this and private power companies selling to each other The foregoing confuses the citizen who does not realize the economic change that is taking place as government monopolies monopolies monopolies mon mon- displace private industry Advocates of public power neve the fact that public plants are tax exempt and that when they buy buyout out highly taxed private companies they remove valuable assets abets a ets from the tax rolls and that other citizens have to make up the taxes thus lost They never menti mention n that government monopolies monopolies monopolies mono mono- also are exempt from regulation by state public servi service e commissions corporation commissions and tax commissions that they enjoy privileges not accorded to private citizens or industries I Advocates of public power never mention the fact act that have multi-billion multi dollar plans underway for rapid they ex ex- ex- ex Neither do they show show that the heads of df f private power companies who indicate they operate satisfactorily in conjunction with public are now wholly or partially dependent on the public agencies for the power they buy and dare say little else Actually power companies located in the area of Federal monopolies are today dependent on the governments government's willingness to sell them power and they are subject to being put out of business any time the public agencies decide they wish vish to retail the power instead of selling selling selling sell sell- ing it to a private company and can persuade Congress to authorize them to do so As to the public agencies buying out private companies companies compan compan- ies on a fair valuation basis no private concern would be allowed to force a competitor to sell under threat of building building building build build- ing duplicate competing lines Advocates of Federal power resent having it called 0 socialistic but what else is it when a government agency puts a private citizen out of business Ask your friend who advocates public power whether he believes in socialism and then let him try to explain the difference between government ownership of power and government government gov gov- government ownership of the grocery business farming or his own yn business if he has one Oelwein Iowa Daily Register Regis Register Reg Reg- is ister r Rep e 0 A solemn and nd religious regard to spiritual and eternal things is an indispensable element of all true greatness Daniel Webster I People never improve unless they look to some standard standard standard stan stan- dard or example higher and better than themselves Tryon Edwards I A good man is the best friend and therefore soonest 1 tf to be chosen longer to be retained and indeed never to be parted with Jeremy Taylor Kindred tastes motives and aspirations are necessary to the formation of a h happy and permanent Pj permanent companionship Mary i Baker Eddy No man can possibly improve in any company for which he has not respect enough to be under some degree of restraint Lord Chesterfield |