Ira U. Cobleigh and

The City of Memphis, Tennessee, is building a municipal power plant. It is also, incidentally, providing its taxpayers with an object lesson in the comparative cost of public and private power. The plant will not be finished and in operation until 1959, but already its collective owners are beginning to realize that it is going to mean higher rates for Memphis consumers and higher taxes for the citizens of Tennessee and other states.

But Congress took a dim view of this expansion. TVA, a majority of the members felt, was outgrowing its intended bounds; further power needs in the Tennessee area should be supplied by privately owned companies.

RG

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Robert A. Gilbert

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The City of Memphis, Tennessee, is building a municipal power plant. It is also, incidentally, providing its taxpayers with an object lesson in the comparative cost of public and private power. The plant will not be finished and in operation until 1959, but already its collective owners are beginning to realize that it is going to mean higher rates for Memphis consumers and higher taxes for the citizens of Tennessee and other states.

But Congress took a dim view of this expansion. TVA, a majority of the members felt, was outgrowing its intended bounds; further power needs in the Tennessee area should be supplied by privately owned companies.