Word: bonbrights
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Dates: during 1930-1939
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...chaste Georgian office is pretty sure to be well done. Last week proved no exception. Issued at 101¼, the bonds promptly went to a premium of 102|. Morgan Stanley ended the day by wishing it had offered the original $80,000,000. Meanwhile it completed plans with Bonbright & Co. for issuing next week $9,000,000 of first mortgage bonds of Consumers Power Co. Other evidence last week that the jam of new financing was finally breaking: Appalachian Electric Power Co. filed with SEC a proposed issue of $67,000,000 in bonds to be offered by Bonbright...
News from the Lodge concerned the marriage of Miss Margaret Manson Weir, daughter of Mrs. David Manson Weir of Steubenville, Ohio, niece of Ernest Tener Weir, to William Prescott Bonbright II, son of Mr. and Mrs. Howard Bonbright of Grosse Point, Mich. Under the trees on the front lawn E. T. Weir gave away his niece, a pretty girl gowned in white marquisette, with French orange blossoms around her waist, carrying a white prayer book and a spray of white orchids. After a reception and dinner, bride and bridegroom set off to spend their honeymoon at Uncle Weir...
...National Electric Light Association was linked with unconscionable private propaganda and the name of the domineering Midwest utilitarian. Invoking the shade of their more saintly patron, the powermen reconstituted their body as the Edison Electric Institute. Leadership passed to the great power companies of the so-called Morgan-Drexel-Bonbright group-a shift calculated in those days to inspire nothing if not complete public confidence...
Organized in 1929 by Morgan-Drexel-Bonbright interests, United's business is utility investments. The directors announced last week that bank loans, which had stood at $15,000,000 in 1930 and $5,000,000 at the end of 1933, had been fully paid off, leaving United free to sink its cash in new enterprises...
When the natural gas boom of 1930-31 subsided, Columbia Gas & Electric Corp. had become allied with the Morgan-Bonbright-Drexel utilities, had (through an affiliate) connected its 29,000-mi. Midwest system with the Texas Panhandle. That year (1931) it earned $22,331,000. The next year it formed a joint company with the Rockefellers to develop gas fields in north central Pennsylvania and western New York. But Columbia Gas had bank loans of $43,500,000, mostly the result of its expansion. The demand for natural gas had already fallen off when Columbia's President Philip Green...