Word: co
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Dates: during 1920-1929
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More successful and profitable than attempts to create gold from mercury is the actual creation of electricity at Hartford, Conn. The Hartford Electric Light Co. has been using a mercury-vapor turbine to run its generators since 1923. That turbine was shut down while last week a second was prepared for operation. William Le Roy Emmet of General Electric Co. invented and developed the machines. General Electric built them...
...supplying 20 million U. S. inhabitants with light and power. It has also built many an office building, factory, hotel, and the present Massachusetts Institute of Technology building in Cambridge. Directorate of the new company will include Joseph P. Grace, Board Chairman of W. R. Grace & Co. ; Albert H. Wiggin, Board Chairman of Chase National Bank; Herbert L. Pratt, Board Chairman of Standard Oil of New York...
...through much the same pio neer period now observable in aviation. Bell had just invented the telephone. The first railway electrification was just completed. So Students Stone & Webster majored in electrical engineering, took degrees in 1888. Then came one year of separation which Mr. Stone spent with Thompson-Houston Co. (forerunner of General Electric) while Mr. Webster entered a bank to get the financial experience for the Stone & Webster company which the young graduates already visualized. In 1889 Partners Stone & Webster each borrowed $2,000 from his father, opened offices in Postoffice Square, Boston. They had one employe, their Tech...
Their first contract came from S. D. Warren & Co., papermakers. It was secured partly through an ingenious stratagem of Employe Cartwright. At that time typewriters were extremely scarce and expensive, far beyond the means of the young firm. Nevertheless, when Paperman Warren came to Stone & Webster to discuss the contract, the click-click-click of a typewriter could be distinctly heard from a back room. "Ah," approved Mr. Warren, "you have one of these new writing machines. That is what I like to see?a modern, progressive spirit." After Mr. Warren had left, the typewriter was discovered...
Then he hired Stone & Webster to look over the properties acquired and report on their position and prospects. When Stone & Webster had completed their survey, Mr. Morgan offered them the Cumberland Light & Power Co. for the bargain price of $60,000. Borrowing the money, the partners bought the company, sold it some years later for $500,000. It was the profit on this operation that established Stone & Webster as a company of national scope...