31.8.08

UNINTENDED CONSEQUENCES. The Overhead Wire endorses a transfer from Rebuilding Place in the Urban Space.
Congress passes the Public Utility Holding Company Act. Heralded as a consumer protection milestone, it also gives utilities a quick method to drop their traction systems. This becomes one of the nails in the coffin of streetcar and interurban railroads in the U.S.
I've commented frequently on the Public Utility Holding Company Act (keep scrolling) and welcome recognition of its side consequences, particularly when it comes from sources that would ordinarily object to iconoclasm where Saint Franklin Delano Roosevelt, whose obsession with Samuel Insull led to the passage of the Act, is concerned.

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