ROOSEVELT POLICY.
A LEGAL VICTORY. WASHINGTON, July 18. The New Deal won an important but perhaps only temporary victory m the constitutionality battle to-day, 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’s right to sell electric power in competition with P, I*- 1 * - vate utilities. The Tennessee Valley Authority represents an investment by the Government of hundreds of millions of dollars to develop a hydroelectric scheme in southern States which threatened to drive private generating companies out of existence.
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Bibliographic details
Manawatu Standard, Volume LV, Issue 197, 19 July 1935, Page 9
Word Count
103ROOSEVELT POLICY. Manawatu Standard, Volume LV, Issue 197, 19 July 1935, Page 9
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