Word: corps
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Dates: during 1920-1929
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Third star witness was Mr. Schwab's "boy," Eugene Gifford Grace, President of Bethlehem. He told that Shearer had been hired by S. W. Wakeman, vice-president of Bethlehem Shipbuilding Corp., without his knowledge or approval. When he heard that Shearer was propagandizing: "I told Wakeman to get rid of him. Wakeman said another payment was due Shearer. I told him to make it immediately...
Last fortnight's news that Niagara-Hudson Power Corp. (J. P. Morgan & Co.) had acquired Frontier Power Corp. (Mellon interests) set Governor Franklin D. Roosevelt of New York agog (TIME, Sept. 23). The news meant that 80% of New York State would now be served by one hydro-electric company. While the headlines of Governor Roosevelt's announcement that waterpower must be saved for the public from the Power Trust were still streaming across the front pages of newspapers, reporters received a novel invitation. They were invited to assemble within the precincts of No. 23 Wall Street, the House...
...despite its potency, Greater London & Counties Trust, Ltd., is not an independent company, is controlled by Harley Clarke's Utilities Power & Light Corp. of Chicago. Utilities Power & Light controls eight U. S. companies which supply electricity, also gas, to St. Louis, Indianapolis and 830 other U. S. cities and towns with a total population of more than 2,800,000. Counting its British subsidiary, Utilities Power & Light last year* showed a net of $5,999,168. Gross British revenues equalled about one-fourth of gross U. S. and British revenues combined...
Schwab into Aviation. Charles Michael Schwab, chairman of Bethlehem Steel Corp. (see p. 12), two years ago met with Orville Wright, Glenn Hammond Curtiss and other flyers, also with Henry Ford, and suggested ways of industrializing aviation. But until last week he did not enter the field himself. His present essay was to become the largest individual stockholder in the General Aero Corp. and to sell it the Atlantic City Motor Speedway, which he controlled, for a passenger airport...
Radios by G.M. The vast preferred stock dividends of General Motors Corp. have, for many a moon, been paid by profits from an iceless refrigerator-Frigidaire. Last week there was talk that radio-making might someday swell the profits of , this world's-biggest-money-making corporation. For, last week, General Motors discussed with Radio Corp. plans for using some of its available manufacturing equipment to turn out sets under R. C. A. patents. Also, last week, General Motors picked up a small ($13,000,000) electrical-equipment concern, Northeast Electrical Co. of Rochester. Already, indeed, General Motors makes radios...