Word: bonbrights
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Dates: during 1930-1939
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United Corp. is the Bonbright-Morgan utility holding company currently engaged in acquiring a 25% interest in Columbia Gas & Electric. Mr. Carlisle's position on the United Board associates him not only with Thomas S. Gates and George Whitney (J. P. Morgan & Co.) and Landon K. Thorne and Alfred L. Loomis (Bonbright & Co.) but also with the heads of Columbia Gas & Electric, Public Service of New Jersey, Commonwealth & Southern, and United Gas Improvement? potent utilities represented in United's portfolio...
...less than $3,000,000. In June 1929, Northeastern Power, together with Buffalo, Niagara & Eastern Power and Mohawk Hudson Power were merged into the present Niagara-Hudson and which in 1929 supplied about 65% of the electric power consumed in New York State. In January 1929, the Morgan and Bonbright houses combined in the organization of United Corp., utility holding company, which now owns 1,673,250 shares of Niagara-Hudson stock. In addition to his great & good Morgan and Bonbright friends in United Corp., Mr. Carlisle is also associated, through American Superpower (also Bonbright-sponsored holding company) with...
...associates finished a far-reaching deal with Americans who had capital, were glad to spend it for power in Europe. The result was a new holding company, European Electric Corp., Ltd., incorporated in Canada, sponsored by a powerful group including Electric Bond & Share, General Electric, Italian Superpower, Bonbright & Co., Inc., Field, Glore & Co. In scope, European Electric will resemble Bond & Share, controlling, managing, financing and constructing utility enterprises...
Commonwealth & Southern Corp. was organized in May 1929, representing the pooled interests of several large utility groups. Inspiration for its organization came largely from President Landon Ketchum Thorne and Senior Vice President Alfred Lee Loomis of Bonbright & Co., Manhattan bond house specializing in utilities. Other interests joining with the Bonbrights in the formation of Commonwealth & Southern included Electric Bond & Share, United Gas Improvement, Public Service Corp. of New Jersey. Commonwealth & Southern acquired stock in many utility companies but especially control (more than 96%) of Commonwealth Power, Penn Ohio Edison and Southeastern Power & Light, all holding companies with many operating subsidiaries...