Word: emanuele
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Deck. Emanuel's cloak-&-dagger manner and his name (his mother merely liked the name Victor, had no thought of Italy's ex-King) have caused some to suspect him of having an exotic foreign background. Actually, V.E. is as endemically American as flapjacks and maple syrup. He was born in Dayton, the son of a wealthy utilities man. It was a wonderful time and place to grow up in. Only two doors away Charles F. Kettering was working on a magical invention that would start autos automatically; Orville Wright skittered around in one of the first airplanes...
...years later, in his first big deal, young Victor bought out his father's utility interest. He and Chicago Banker Arthur Cecil Allyn put up about $750,000, got the rest of the nearly $5,000,000 they needed for the deal through public stock issues. The new Emanuel-Allyn company (National Electric Power Co.) promptly expanded in all directions, in typical Emanuel fashion, soon controlled 14 utilities sprawled across the nation. The system, and the beautiful map outlining it, so impressed the late Samuel Insull, then grabbing up utilities like peanuts, that he bought out Emanuel and Allyn...
...manicured Woodland Pytchley Hounds, fox-hunted with the Prince of Wales and the present King George, consorted with the Prime Minister, Stanley Baldwin (see cut). (At the end of his English period he was also divorced from his wife, who married a mutual friend, then divorced him to remarry Emanuel...
...Grand Slam. With Loewenstein, Emanuel planned a grandiose scheme to take over just about all the utilities in the U.S. Before the plan went into effect, Loewenstein mysteriously jumped or fell from a plane over the English Channel (V.E. is sure he fell). But Emanuel, backed by the Schroders, who had been Loewenstein's bankers, and A. C. Allyn, among others, went ahead anyway. They fixed their sights on the multi-millioned Standard Gas & Electric System. Altogether, they ante'd up about $60,000,000 and formed the U.S. Electric Power Corp., a holding company with Emanuel...
...this coup, Emanuel & friends got control of a utility empire stretching over 20 states and worth $1,119,000,000. There was only one big thing wrong: the depression had come-and with it the paper empire of USEPCO collapsed. With it Emanuel lost most of his personal fortune. The holding-company act, which was passed to put a stop to just such brobdignagian jiggery-pokery as USEPCO, put the headstone on V.E.'s empire. But Emanuel & friends salvaged something good from the wreck. They kept control of Standard Gas and its underwriting, profited on the issues until...