Word: edisonizing
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...Samuel Insull Jr., who lost most of his utility officerships in his father's colossal crash, resigned the last one-a $51,000-a-year job as assistant to Chairman James Simpson of Commonwealth Edison Co.- in order to make more money at insurance brokerage and settle his remaining $300,000 in debts...
...Supreme Court this week handed the National Labor Relations Board its first serious setback in litigation, at the same time broadened its already vast powers over U. S. industry. In Consolidated Edison Co. of N. Y. v. NLRB, the Court ruled...
When Secretary Edison testified before a Congressional committee last year, he observed that the back yard of every industrial laboratory was piled high with discarded specimens. Said he of airships: "I don't think our scrapheap is big enough...
...past year Consolidated Edison Co. of New York, Inc. has run cartoon advertising headlined "It's Only a Penny," showing that one cent's worth of electricity will toast 26 slices of bread. Last week the $1,300,000,000 utility issued its third-quarter earnings report. Its net income of $3,506,027 was enough to toast 156 slices of bread for the holder of each share of its common stock-precisely 26 slices more than for the same period last year...
Consolidated Edison was more fortunate than most businesses. Vast majority of third-quarter earnings, though somewhat better than second-quarter figures, were far below last year's July 1-Oct. 1 profits. That this difference was likely to narrow in future reports appeared throughout U. S. industry last week...