Leland Olds
Leland Olds | |
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Member of the Federal Power Commission | |
In office July 7, 1939 – January 1, 1947 | |
President | Franklin D. Roosevelt |
Personal details | |
Born | December 31, 1890 |
Died | August 5, 1960 | (aged 69)
Leland Olds (December 31, 1890 – August 5, 1960) was an American economist interested in labor, development of public electric power, and ecology.
Education
[edit]Olds was a son of George Olds, president of Amherst College. He studied mathematics at Amherst where he was influenced by the social work movement and the Social Gospel.[1] He was a graduate student at Union Theological Seminary and then served as pastor of a small Congregational church in Brooklyn before spending some months in the army.[1]
Early career
[edit]"Jolly, witty, informal" as well as "very fair-minded" and an accomplished cellist, Olds had been a minister, a teacher at Amherst, a researcher both for the federal government and the American Federation of Labor and a labor journalist. During 1918 and 1919 he was, along with Thorstein Veblen, part of the original Technical Alliance- a forerunner to the Technocracy movement[2] In 1920 he met Franklin D. Roosevelt, Governor of New York, who appointed him to the New York State Power Authority.[3]
From 1922 to 1929 he was Industrial Editor for the union financed left wing news agency Federated Press,[1] which had close links to the Communist Party.[4] He also carried out research for the Railroad brotherhoods.[1]
In 1929 he became an economic adviser to the Community Councils of the City of New York,[1] a civic group that among other things campaigned for the reform of public utility regulation.[1]
In 1936, Olds served on Roosevelt's Presidential Inquiry Commission on Cooperative Enterprise in Europe.
Philosophy
[edit]Olds was a deeply religious[5] and idealistic man, who after a long search for a worthy cause to give purpose to his life, had completely dedicated himself to the public power fight. Wide availability of cheap power was crucial, Olds felt, for the social well-being of the mass of the American people.
He believed in the "complete passing of the old order of capitalism". A complete transformation of the American economic system was needed, which had to depart from its laissez-faire impetus and economic individualism. As an alternative, Olds favored consumer cooperation as the basis of a new American economic model. Complementary to his cooperative beliefs, Olds was "very much consumer oriented". Olds believed that, together with regulation and community owned power generation and distribution, consumer cooperation was the key to a fair power policy. In 1927 Olds advocated the operating of all hydropower utilities as "giant consumer cooperatives".
Olds's cooperative beliefs had come in the place of his earlier radicalism. In 1930 and 1931 he served as the "manager" of the American lecture tour of the famed Irish poet and cooperative propagandist Æ (George Russell). AE's charisma convinced Olds even further of the necessity to organize all of society along cooperative lines.
Appointed to the FPC
[edit]Roosevelt appointed him to the Federal Power Commission in June 1939, and he served as chairman of the commission from January, 1940 until 1949.
Under his leadership the Federal Power Commission successfully pressured electric utilities to extend power into neglected rural areas and to lower electricity rates in order to increase use. When the rate reforms went into effect in Chicago the dramatic increase of usage actually resulted in an increase in the profits for the now regulated utility. This paved the way for much of the success of the American middle class in the duration of the 20th century.
Unsuccessful re-nomination
[edit]His insistence on enforcing the Natural Gas Act of 1938 raised the ire of the Texas oil industry and led to the end of his career at the Federal Power Commission. Robert Caro's book Master of the Senate describes how Lyndon B. Johnson, whose campaign in the 1948 United States Senate election in Texas received extensive funding from Texas oilmen, defeated Olds' re-appointment by orchestrating a smear campaign to accuse Olds of Communist sympathies.[6] This involved utilizing the staff of the House Un-American Activities Committee to dig up old writings which were then taken out of context to paint Olds as a communist or communist sympathizer. The subcommittee in charge of reappointment was stacked against Olds,[7] and anti-Olds witnesses appearing before the committee were coached by Johnson.[6]
At the end of the nomination fight Johnson came up to Olds and said “Lee, I hope you understand there’s nothing personal in this. We’re still friends, aren’t we? It’s only politics, you know.”[8] The Olds hearings were seen by many as a template for later McCarthyite purges.[8]
Later Career
[edit]In 1950-51 Olds served on the President's Water Resources Policy Commission.[9]
Personal life
[edit]Olds was married to textile artist Ruth Reeves from 1916 to 1922.[10][11] His second wife was Maud Agnes Spear, with whom he had four children, including James Olds.[6]
Legacy
[edit]When he died in 1960 John F Kennedy, then a presidential candidate, called him a "dedicated and tireless public servant" saying that the St. Lawrence Waterway would be "a permanent memorial to him".[12]
His concept of "Giant Power" led to the creation of the Basin Electric Power Cooperative,[13] in 1961 the new cooperative named the Leland Olds Station after him for efforts towards the power cooperative.
References
[edit]- ^ a b c d e f "Leland Olds, 1890-1960" (PDF). Gale Group. Retrieved 8 September 2024.
- ^ "Charles Proteus Steinmetz". Jim Crutchfield's I.W.W. Page. J. D. Crutchfield. Archived from the original on 6 March 2016. Retrieved 2024-09-09.
- ^ FDR Library Accession Numbers: Ms. 66-6; 73-29; 76-l; 76-3
- ^ https://spectator.org/fierce-anti-feminist-and-in-your-face/
- ^ Daily KOs
- ^ a b c Robert A. Caro (2002). Master of the Senate: The Years of Lyndon Johnson. ch. 10-12. ISBN 0-394-52836-0.
- ^ "The Senatorial Rejection of Leland Olds: A Case Study" Joseph P. Harris American Political Science Review Vol. 45, No. 3 (Sep., 1951), pp. 674-692
- ^ a b Hayward, Steven. "The Making of LBJ". Claremont Review of Books.
- ^ http://docs.fdrlibrary.marist.edu:8000/findbrow.cgi?collection=Olds,+Leland
- ^ "The Classes". Amherst Graduates' Quarterly. Vol. 6, no. 24. August 1917. p. 293.
- ^ "Series 1: Finding Aid to the Ruth Reeves papers, 1880-1967". Archives of American Art. Retrieved 14 July 2019.
- ^ Statement by Senator John F. Kennedy on the death of Leland Olds
- ^ Page 11, https://www.basinelectric.com/_files/pdf/Basin-Electric-50th-History-Book.pdf