Challenge

In Manhattan, dark, scowling Utili-tycoon Samuel Wilson Murphy, president of huge Electric Bond & Share Co., wound up his annual stockholders' meeting last week with a solid challenge to partisans of Federal power. His down-to-earth suggestion: private capital would be glad to buy up publicly-owned utility plants (now one-eighth of the industry), thereby giving the Government 1) billions for debt retirement; 2) annual millions in tax revenues.

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