Word: controls
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Dates: during 1930-1939
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...epochal 1927 flood, than which the nation had yet to see worse, the water was only 45.6 ft. at Memphis. Yet last week Memphis was not badly worried, because in the past eight years the Army's brains and Congressional generosity have provided the Mississippi with a flood control system whose limits will supposedly never be approached. Why, stormed Indiana's Representative Glenn Griswold, was not something like that done about the Ohio? It was "stupid," said he, to build levees on the Mississippi to hold floods which rose and did their first damage on the Ohio...
...planes. You can't blame a lighthouse if you sink your ship in a hurricane," Said Capt. Eddie Rickenbacker, War ace and general manager of Eastern Air Lines, which has never lost a passenger: "Conditions wouldn't be improved by Government control-they wouldn't be as good as they...
Notable Chicago banking news was made last fortnight when big Continental Illinois National Bank & Trust Co. cast off the government control which has existed, in theory if not in practice, ever since it sold some $50,000,000 worth of preferred stock to Jesse Jones's RFC in 1933. Subsequently $5,000,000 of this was paid off, and fortnight ago the total was cut to $35,000,000. At the same time a 33⅓% common stock dividend was declared, pushing the total of common stock to $40,000,000-above the RFC's interest. Continental Illinois...
Down upon El Paso's 217 bars last week swooped ten inspectors dispatched by the Texas Liquor Control Board to enforce the State law against the sale of hard liquor by the drink. El Paso never took Prohibition very seriously because Mexico's gay Juarez was always just across the Rio Grande River over 2^ toll bridges. Lately the city has been wide-open in defiance of State law. What annoyed the city's barkeepers last week was that the inspectors arrived two days before the 40th annual convention of the American National Livestock Association brought...
...England Power Association proposes to give New England Gas & Electric Association controlling interest in two Plymouth County utilities whose lines are connected with those of New England Gas & Electric subsidiaries in regions around Cape Cod.* In return, New England Power Association will receive important blocks of securities in various subsidiaries which will give it at least 95% control in each case...