Word: bonding
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Dates: during 1930-1939
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...along the Atlantic seaboard now loom in his picture, contribute about one-fifth of total earnings. First of his eastern moves was to acquire Twin State Gas & Electric (Maine, New Hampshire, New York & Vermont) in 1913. In 1927 he bought National Electric Power (not to be confused with Electric Bond & Share's National Power & Light) and embarked upon a rapid expansion in New England. Frustrated by Maine's laws against the export of power, he turned to developing Maine's industries to boost consumption. Last year a subsidiary, New England Industries, Inc., reported that its invest ments in Maine...
...loans of $21,900,000 while National Electric is $27,700,000 in debt to the banks. The parent company has a $10,000,000 note issue soon falling due which it cannot meet except with stock or new notes. Its Scranton Railway Co. has a $2,100,000 bond maturity. Next year the System as a whole has $19,368,000 worth of maturities to meet, in 1934 the figure is $16,341,000 while in 1935 there will be $12,922,000 falling due. Although Mr. Insull has denied the story that he will sell some properties...
...country's electrical industry was due in large measure to the domination of that industry by a group of financially strong and well-managed holding companies. The early history of the light and power enterprise, as exemplified by the growth of United Gas Improvement system and of the Electric Bond & Share system, probably bore out this claim as valid for that period...
...series of four "open nights" to be held at the Harvard Observatory as part of the spring program was announced last night. In the autumn and spring, the Bond Astronomical Club arranges to secure the use of the Observatory to allow students who have an interest in astronomy to observe celestial objects through the University instruments...
...Freshman team has its first game this afternoon when it goes to Southboro to meet St. Mark's. Although there is no way of determining the first year men's ability on the diamond, enough valuable last years prep-school material has reported to Coach Bond to form a fairly formidable nine...