Word: gossler
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...Corp., accepted the resignation of three bankers for the same reason. Last week the directors of United, a majority of whom are bankers, met in Manhattan and reversed the process. They accepted the resignation of three active utility men on United Corp.'s board of directors, Presidents Philip Green Gossler of Columbia Gas & Electric, Thomas N. McCarter of Public Service of New Jersey and John Edward Zimmermann of United Gas Improvement...
...Gossler (Columbia Gas & Electric...
...joint company with the Rockefellers to develop gas fields in north central Pennsylvania and western New York. But Columbia Gas had bank loans of $43,500,000, mostly the result of its expansion. The demand for natural gas had already fallen off when Columbia's President Philip Green Gossler set out to pay his debts...
...June 1933 he paid off another $9,500,000 out of earnings. Last month two more subsidiaries each paid obligations of $6,000,000 to the parent company by the private sale of guaranteed notes. Last week, when Columbia Gas announced 1933 earnings of $12,496,000, Mr. Gossler proudly informed his stockholders that their company was now entirely out of debt to the banks...
...financier by early training, Mr. Gossler is an electrical engineer, graduate of Pennsylvania State College. At 21 he was an engineering assistant of United Electric Light & Power Co. (New York), later a superintendent for Montreal's Royal Electric Co. He became master of Columbia Gas in 1912, when it was a West Virginia utility, helped merge it with Ohio Fuel Corp. systems in 1926 to form the present Columbia Gas & Electric Corp., biggest distributor of natural...