“The power issue, where vigorously handled in the public interest, means abundant and cheaper power for American industry, reduced rates and increased use in millions of urban and rural homes—to say little of the preservation of our water-power resources in co-ordination with flood control, reclamation and irrigation. The American people have a vital stake in the proper handling of this issue. Let us be clear at the outset that the liberty of individuals to carry on their business should not be abrogated unless the larger interests of the many are concerned.
It is the purpose of government to see that not only the legitimate interests of the few are protected, but that the welfare and rights of the many are conserved. These are the principles which must be remembered in any consideration of this question.”