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$8,000,000 "not improper." John W. Carpenter, Dallas, Tex., Pres. of Texas Power & Light, pauses amidst a hot Senate lobby inquiry Wednesday for a nip of ice water. Carpenter, in his testimony, admitted he did not think it "improper" when the Texas company's common stock was "written-up" from $2,390
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Credit line$8,000,000 "not improper." John W. Carpenter, Dallas, Tex., Pres. of Texas Power & Light, pauses amidst a hot Senate lobby inquiry Wednesday for a nip of ice water. Carpenter, in his testimony, admitt. 1935-01-01. Harris & Ewing. Harris & Ewing Collection, Library of Congress. Public domain.