Word: controllable
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Dates: during 1930-1939
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...another change "in response to the recommendations of high Air Corps officials," Henry Arnold also took charge of all Air Corps personnel and training (a responsibility previously divided between him and the Chief of Staff) thereby taking direct control of training the new Air Corps which is to increase from 1,638 to 3,203 Regular officers (plus 3,000 Reservists), 21,500 to 45,000 enlisted men within ten years...
Last week in Manhattan, the directors of Hearst Consolidated Publications Inc. faced their gravest crisis since the company was formed in 1930. Hearst Consolidated (which controls 13 of the 20 Hearstpapers, plus the American Weekly), had passed three consecutive quarterly dividends on its 7% Class A (preferred) stock. If it passed the fourth, due March 15, control of the most valuable Hearst newspaper properties could go out of the hands of Hearstmen and into the hands of some 50,000 small stockholders, who put up $50,000,000 for what Mr. Hearst assured them nine years ago was "an ultra...
Hearst Consolidated and almost everything else Hearst owns are controlled by American Newspapers Inc., top holding company of the bewildering Hearst corporate hierarchy. Mr. Hearst owns 95% of its common stock, but Judge Shearn is his sole voting trustee. As trustee he has irrevocable control over all Hearst enterprises-provided he can keep the Consolidated preferred stockholders happy-until 1947, when Hearst will be 84. Nobody, not even Hearst, knows if Hearst will live that long, and so the trusteeship is a race against death, when the Government may demand up to 20% in inheritance taxes and creditors...
...Flynn, a close friend of Willis Ballinger and a professional viewer-with-alarm, popped up with a set of charts to show that "collapse" of the durable-goods market is due largely to monopolistic conditions. FTC Attorney PGad B. Morehouse developed the commission's belief thaft price control is the chief handmaiden of monopoly. And Princeton Professor Frank A. Fetter explained monopoly: "It is derivative of two Greek roots, 'monos,' alone, and 'polei, to sell, and it occurs in the Greek in two forms, feminine and neuter, 'monopolia and 'monopolion...
...previous merger proposals, subway bondholders would have exchanged their securities for bonds issued by a Board of Transit Control and not guaranteed by the city itself. Last year, at the November election, voters passed an amendment to the constitution allowing the city to exceed its legal debt limit by $315,000,000 to effect transit unity. And by last week, when the city offered $175,000,000 for B. M. T. alone, Chairman Dahl was glad to take it, for depression and competition from the Independent have continuously weakened his position. That leaves the city $140,000,000 in City...