Word: columbia
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Dates: during 1930-1939
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What the Department of Justice last week announced as a "major victory" in a war against natural gas monopolies encouraged the "monopoly" in question to invest $8,000,000 in the construction of a 300-mile pipe line to Detroit. Target of the U. S. Government was Columbia Gas & Electric Corp., which supplies manufactured gas, natural gas and electricity to some 1,326 cities and towns in Indiana, West Virginia, Ohio, Kentucky, Pennsylvania, Maryland and New York. Specific allegations involved the relations between Columbia Oil & Gasoline Corp., an affiliate of Columbia Gas & Electric, and Panhandle Eastern Pipe Line Co. This...
...Parish line did not prosper. It could not get enough gas customers to produce the volume of business necessary to make it a profitable enterprise. Thereupon the Department of Justice claimed that Columbia Gas & Electric, indirectly controlling the Parish line, was deliberately mismanaging it to keep Texas gas out of Columbia's home territory. It was charged that Columbia, having seen the invader approach its gates, promptly bought a half interest in him and proceeded to render him innocuous...
Though it denied these charges, Columbia last week signed a consent decree which left the Government with at least the appearance of triumph. In effect, Columbia agreed to get out of the Parish line by separating itself from Columbia Oil & Gasoline. The latter company will be reorganized as an independent concern, having no corporate connection with Columbia Gas & Electric. While this reorganization is in progress, the Parish line stock held by Columbia Oil & Gasoline will be put in the hands of a trustee, Gano Dunn, head of J. G. White Engineering Corp., onetime president of the American Institute of Electrical...
Signing of the consent decree was thought likely to result in an out-of-court settlement of a $180,000,000 damage suit brought by Mo-Kan receivers against Columbia Gas & Electric. The receivers, like the Government, argued that Columbia had throttled Mo-Kan through abuse of its control of Panhandle. But since Mr. Parish himself took a helpful part in the negotiations leading to the consent decree, it was believed that the $180,000,000 litigation would never face a judge...
...Thereafter, in fairly rapid succession, she wrote and published three more books of verse, a stilted novel. An unknown benefactor offered to send her abroad and put her through college if she would not publish anything more until after graduation. Last week, now 22 and a graduate of Columbia University's Barnard College, onetime Prodigy Nathalia Crane published her fifth book of poems. They still read like the writings of a precocious little girl. Her nicest ideas are pretty cute: what if a sailing ship were loaded with honey and the ghosts of the bees that made it stung...