Word: commonwealths
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Dates: during 1940-1949
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...Deal victory, contained unexpected cheer for Wall Street, too. On the same day that Frank announced he had broken the problem's back, utility holding company preferred stocks began to go up. A flock of them-Standard Gas, Engineers Public Service, Electric Power & Light, Commonwealth & Southern-made new highs for the year. Some brokers reported that 75% of their buying orders were for utility holding company preferreds and bonds. Most succinct explanation for this backhanded phenomenon was that of Shearson, Hammill & Co.: "About the only conclusion one can draw from the activity in utility holding company preferred stocks...
Next crackdown hit two of the industry's three recalcitrants-Engineers Public Service and Commonwealth & Southern. (The third, Electric Bond & Share, has been growing more compromise-minded.) E.P.S. was told to choose between a system based on its Virginia or on its Gulf States properties. Crying "unconstitutional," E.P.S. threatened suit. C. & S. was told to base its future on its southern or its northern properties (the proceeds of the sale could be used to pay off some preferred arrears). Replied C. & S.'s spokesman, Lawyer George Roberts: "To say that we were shocked ... is to put it mildly...
Unless something like this is done, most of the Freshman class will be found that night at the Totem Pole Jubilee--out Commonwealth Avenue...
Governor Leverett Saltonstall '14, will address the meeting as Governor of the Commonwealth and as President of the Harvard Alumni Association...
...country side of the future. But Moberg the writer is too strong for Moberg the ideologue. Compared with his mean but strong and realistic peasants, there is a sloganeering and strength-through-joy unreality about Knut Toring's Young People's Society and their cooperative commonwealth. Both have high humanitarian motives, but they spring from the same cause that makes Knut a half-baked hero - as bookish boy, as self-righteous editor, as crusading cooperator, Knut is a good deal of a prig...