NEW DEAL VICTORY
SALE OF POWER
RIGHT OF THE STATE
WASHINGTON, July 18.
The New Deal won an important but perhaps only temporary victory in the constitutionality battle today, when the Federal Court of Appeals, sitting at New Orleans, reversed the decision of the lower Court and declared the so-called Tennessee Valley Authority legal.
The Court of Appeals thus sustained the Government'st right to sell electric power in competition with private utilities.
The Tennessee Valley Authority represents an investment by the Government of hundreds of millions of dollars to develop a hydro-electric scheme in southern States which threatened to drive private generating companies out of existence.
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Bibliographic details
Evening Post, Volume CXX, Issue 17, 19 July 1935, Page 9
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106NEW DEAL VICTORY Evening Post, Volume CXX, Issue 17, 19 July 1935, Page 9
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