Word: daytons
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...themselves. Thus, as applied to, it offers a way out from the discouraging trend of many previous defense housing projects, built under subsidy arrangements, which set rents in proportion to renters' incomes. Colonel Westbrook's office has planned or started Camden Plan projects at Linden (N.J.), Dayton, Detroit, South Bend, Philadelphia, Dallas...
...hearings scheduled for next month. Of the 290 stations in Dixie, 125 are owned by newspapers, nearly all of which are Democratic. Among Administration friends who may be put on the spot: Jesse Jones (Houston Chronicle, KTRH), Amon Carter (Fort Worth Star-Telegram, WBAP, KGKO), James M. Cox (Dayton, Ohio News; Springfield, Ohio News; Springfield, Ohio Sun; Miami, Fla. News; Atlanta Journal; WHIG, Dayton, Ohio; WIOD, Miami, Fla.; WSB, Atlanta...
...Commission's argument went like this: Dayton is a subsidiary of Columbia Gas & Electric. Columbia is a subsidiary of United Corp. (which owns 19.6% of its common). Morgan, Stanley was formed by J. P. Morgan to take over its underwriting business, and leading Morgan partners have had a financial incentive to get business for it. Final question was whether United Corp., which J. P. Morgan put together in 1929, is subject to Morgan political control. Describing the demeanor of United's George Howard toward Morgan's George Whitney as one of "courteous fealty," SEC decided there...
Thus was the Section II problem's "back broken." A louder crack accompanied the death of another institution: the freedom of the utilities to place their financing where they see fit. In February 1940 Morgan, Stanley sold $25,000,000 of Dayton Power Co. bonds. The bankers consented to having their $100,562 fee "impounded" while SEC decided whether they were an "affiliate" of Dayton Power, or if there had been an absence of arm's length bargaining (required by the Act) in preparing the deal. Fortnight ago SEC dropped a bombshell on the corner of Broad...
Morgan, Stanley answered with a stinging charge that this decision "belongs to the world of make believe. . . . We desire to state that in no conceivable way can it be properly held that we have ever been affiliated with the Dayton Company or any other public utility company." This week Morgan, Stanley had not decided whether to take the matter to court. If SEC is right, and Morgan, Stanley owes its utility business to J. P. Morgan's holding company affiliations, the disruption of the relationship will oust Morgan, Stanley from its No. 1 position in the utility underwriting field...