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BEST BROADCASTS OF 1938-39
electricity they use or the acceptance of a political formula which decrees that mere size is wrong even though it saves money for the people ?
I use Washington as an example because Mr. Jackson comes from there. Similar comparisons can be made in almost every state of the Union. Mr. Jackson is mistaken: the Commonwealth and Southern Corporation, of which I have the honor to be president, operates in ii states, 5 of them in the North. These 5 Northern companies are wholly remote from the Tennessee Valley Authority. The average rate of these companies and our Southern companies is lower than that of any utility group in America.
No doubt there have been weaknesses and abuses in all the industries mentioned, and in others, too. Betrayals of trust have stained the record of public officials as well as of businessmen. In the period following the great war there was a breakdown in both government and private morals. For the first time in history a member of the Presidential Cabinet was sent to the penitentiary. Some of those who were in charge of the hospitals for America’s war veterans were indicted and some convicted for stealing the very blankets and towels provided for the care of these men who were injured in their country’s service.
Speaking of abuses in his relief program. President Roosevelt stated: “It should be remembered that in every big job there are some imperfections. There are chiselers in every walk of life, there are those in every industry who are guilty of unfair practices, every profession has its black sheep. ... ’’If this quotation from President Roosevelt represents what otrr attitude should be toward the mistakes of the few in government . . . and I think it does . . . then that should also be our attitude toward industry. In view of the friendlier tone of the President’s last speeches, I hope that at last we can have done with the epithets, the calling of names, the catchwords . . . catchwords which have been so glibly used, such as “economic royalists,” “Bourbons,” “moneyed aristocrats,” “banker control,” “holding companies,” and the nonsense about “sixty ruling families.”
“A good catchword,” Justice Oliver WendeU Holmes said, “can obsctme analysis for fifty years.” Today we are very much in need of analysis without catchwords. The business decline has become so serious that government ofificials,
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