Word: generaled
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Dates: during 1920-1929
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Also: David Sinton Ingalls, Assistant Secretary of the Navy for Aeronautics; Patrick Jay Hurley, Assistant Secretary of War; Frederic A. Tilton, Third Assistant Postmaster General; Charles Evans Hughes Jr., Solicitor-General...
...same pio neer period now observable in aviation. Bell had just invented the telephone. The first railway electrification was just completed. So Students Stone & Webster majored in electrical engineering, took degrees in 1888. Then came one year of separation which Mr. Stone spent with Thompson-Houston Co. (forerunner of General Electric) while Mr. Webster entered a bank to get the financial experience for the Stone & Webster company which the young graduates already visualized. In 1889 Partners Stone & Webster each borrowed $2,000 from his father, opened offices in Postoffice Square, Boston. They had one employe, their Tech classmate "Jimmie" Cartwright...
Many a U. S. railroad last week reported on its first five months of 1929. Roads in general showed incomes considerably increased over the corresponding period in 1928. Largest increase in net operating income was enjoyed by Norfolk & Western, largest net operating income by Southern Pacific. One of the few roads reporting decrease in net operating income was Northern Net Pacific, Figures on large roads reporting were...
Stone & Webster got into utility operating (as distinct from plant construction) indirectly through the panic of 1893. During this panic there was a general collapse in the stocks of public utility companies. Holders of utility stocks were approached by astute J. P. Morgan, who bought the apparently sinking ships for about one-third of their original values...
...Harvard's commencement and reunion last fortnight. Banker John Pierpont Morgan stepped out of his line of march to handshake Governor Franklin Delano Roosevelt of New York. Last week Governor Roosevelt asked his Attorney-General to investigate at once and within two weeks report upon the new $665,000,000 Morgan merger of New York utility companies (TIME, June 24). Reason: It was "a matter of vital concern ... to every householder . . . who uses electric light or power in his home" if, through agreements with friendly companies, the Morgan merged companies would be in such a monopolistic position that...