Word: bond
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Dates: during 1950-1959
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...financial flea circus of the '20s, the giant holding companies, Electric Bond & Share and North American, were star performers. Bond & Share, run by Sidney Zollicoffer Mitchell, controlled five intermediary holding companies, and through them sat on the backs of 231 subsidiaries. Its $3½ billion empire supplied power in 34 states from Florida to Oregon, from Texas to Pennsylvania. North American, the pyramid erected by luxury-loving Harrison Williams (TIME, Jan. 21), at one time supplied 13% of all U.S. electric power. It had 59 other companies beneath it, some of them stacked five deep. And on its back...
...years since passage of the Public Utility Holding Company Act, which handed down a death sentence on such entangled utility systems, SEC has been trying to break up North American and Bond & Share. Because the job is so complicated, it has not succeeded. Recently, SEC tried a new method: it sat down with the two companies to work out "package" plans that would satisfy everybody. This week Bond & Share filed its plan for SEC approval, following filing by North American. It looked as if the new plans would put an end at last to the wrangling. The plans...
...member of the synod, addressed a rally in support of a new nonpolitical church of his own. Said Pastor Devos: "One thousand political predikants rule behind the scenes, change cabinets at will, control the church." Both church and government leaders consolidate their power through a secret society, the Breeder-bond-Brotherhood. "Their aim," he added, "is a republic which will suppress all resistance and destroy the freedom of all races except a single 'Herrengroup...
...first work that Director Bond undertook, which was continued by his son and successor, Professor George P. Bond was an extensive series of zone observations, elaborate drawings of the planet Saturn, and work on the comet of 1858, and on the nebula in Orion. He and his son also worked to determine terrestrial longitudes for the United States Coast Survey. Cambridge is still recognized as the "Birthplace of American Longitudes...
When Professor Joseph Winlock succeeded the second Bond as the Observatory director in 1866, the pressing need for new equipment resulted in the gift of a spectroscope and meridian circle from friends of the College...