Word: began
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Dates: during 1930-1939
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Treading softly in the midst of the ruckus, Grover Whalen began by making a few concessions. For parties of 500 or more he cut the admission price to 50?. At the eight large parking lots he slashed the 50?-fee in half. To find out why more customers weren't coming in he planned a questionnaire. It looked as though Grover Whalen would soon have to cut the general admission to 50? a head to get enough People of Today to patronize his World of Tomorrow...
Colorado's Supreme Court decided in May that the privately owned retail outlets of Gamble-Skogmo, Inc. (auto parts) were not a "voluntary" chain of stores and therefore fair game for the State's chain-store tax. Right then U. S. motormakers began to anticipate trouble. Last week to General Motors, Colorado sent a bill for $234,655; to Ford went one for $102,470; to Chrysler, Hudson, Studebaker, Nash and Packard went others totaling $193,995. Grand total: $531,120, billed to the seven motormakers for four years' chain-store license fees...
...handwriting on the wall, quit beating his head against it. Promptly, Bond & Share registered with SEC. Holding company service subsidiaries had frequently been charged with bleeding operating companies. So Bond & Share forfeited all income (about $800,000 a year) from its management firm (Ebasco Services, Inc.), which began servicing the system's operating units at cost. Next, Groesbeck pulled out of the TVA fight, selling four operating companies to Government competitors, leaving Willkie (of whose Commonwealth & Southern system Bond& Share is a 5% owner) to shift for himself, taking a loss of $2,433,209 on the deal. Finally...
...chasing commas. Hard-boiled Mr. Groesbeck, who goes his own way, is also different in another respect. He figures that the Administration has the money and the power, that there is more percentage in trading with the New Deal than in bucking it. Last week this notion of his began to pay dividends...
Last week, Mr. Groesbeck began to see daylight. At a White House press conference, the President used a routine question about TVA as an opportunity to take newsmen up the mountain. He pointed out that "a company," obviously meaning Washington Water Power, in Grand Coulee and Bonneville territory had just sold an issue at "pretty good terms," thus inviting White House reporters to chalk one up for his contention that operating companies with good capital structures (a pat for Washington Water Power) whose "managers" indulge in no soapboxing (a pat for Groesbeck) can count on all the "investor confidence" they...