Word: edisonizing
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...later he founded Firestone Tire & Rubber Co., with 17 employes. In three decades he was paying 20,000 workers in the U. S., 20,000 Liberians on African rubber plantations. Last year his company made $9,300,000. Besides Ford, his closest friend was the late great Thomas Alva Edison. A little man, shy, well-groomed, he raised horses, and dairy cows, was an active Episcopalian, left five sons and a daughter...
Last fall Consolidated Edison Co. of New York pondered selling some $80,000,000 in securities, part new money, part refunding. These plans were curtailed by market conditions, but last week hard-headed Morgan Stanley & Co. decided to test the temperature of financial waters with a $30,000,000 issue of Consolidated Edison debentures. Morgan Stanley is the underwriting offshoot of J. P. Morgan & Co. and any work that is done in its chaste Georgian office is pretty sure to be well done. Last week proved no exception. Issued at 101¼, the bonds promptly went to a premium...
...After it is simplified, it will keep no less than 108 non-utilities, including 89 waterworks companies which are not defined as utilities by the act. But it will have only three operating and holding utility subsidiaries-West Penn Power Co., Monongahela West Penn Public Service Co. and Potomac Edison Co. To provide cash for the untangling, it plans to issue about $50,000,000 in new securities...
...underlying principle of the vacuum tube, first detected by Edison during his experiments with electric light a half century ago, is that when two wires, one positively charged, and the other negatively, are inserted into a vacuum, and the negative wire or filament is heated, a current passes from the filament through the void to the positive terminal...
...Chicago, Leon A. Mitchell, onetime official greeter for the Hotel Sherman, asked $5,000 damages from Commonwealth Edison Co. and Charles Kelly, greeter for the company. Reason: when Greeter Kelly shook hands with Greeter Mitchell in an office building, Greeter Kelly "did violently, vigorously and firmly seize and squeeze with such force that the third phalanx of the first finger of the plaintiff's right hand was broken...