Word: easterner
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Dates: during 1930-1939
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...petition, presented by many Eastern rail-roads, against the new I. C. C. "flat rate" for passenger miles has intimate bearing upon the existence of the railroads themselves. The contention of these lines, simply put, is that the added volume of passengers would not by any means put them in the black, but might very well drive them further...
...citizen. No surprise was the fact that Pacific Gas & Electric stepped into the capital market last week for $90,000,000 of refunding money. But when a banking group headed by First Boston Corp. and Mellon Securities Co., Inc. floated a $75,000,000 bond issue for Eastern Gas & Fuel Associates last week, many an investor had to plough through an 85-page prospectus to find out what the company...
...integrated coal-coke-gas company, Eastern Gas & Fuel makes its headquarters in Boston but control lies in Pittsburgh. It is one of the two big subsidiaries of Koppers Co., a province in the Mellon empire. Other big Koppers subsidiary is Koppers Gas & Coke, whose activities include such diverse jobs as supplying gas to Montreal and creosoting ties for U. S. railroads. Both Eastern Gas and Koppers Gas grew out of a patented coke oven invented by a German named Heinrich Koppers, who improved the method of saving the gas and other coal derivatives formerly blown away in thick smoke...
Koppers Co. owns more than three-fourths of the stock in Eastern Gas & Fuel but in its registration statement it thought it politic to disclaim "any admission of the actual existence of effective control" by the Mellons or other Koppers stockholders...
From the original Koppers process to its present $227,000,000 form, Eastern Gas & Fuel expanded with curious logic. At first the coke plants were constructed for other companies but as soon as Koppers Co. started to build them for itself, it had to find an outlet for the gas. Though most Koppers units sell gas to local utilities, the gas companies serving Boston and its suburbs were bought outright. To use some of the coke it has a blast furnace near Boston. To insure supplies of coal West Virginia mines were acquired. To keep the mines operating efficiently, coal...