Word: hopson
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Dates: during 1930-1939
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...Hopson, vice president, treasurer and the real head of Associated Gas & Electric Co.?" A complex utility holding company now in the process of becoming more complex through a reorganization engineered by mathematically-minded Mr. Hopson, Associated Gas hired Patrick Jay Hurley, ex-Secretary of War, as its attorney. Fortnight ago, after Senator Fletcher told the Press that Inquisitor Pecora's minions had spent a month hunting for Mr. Hopson, Lawyer Hurley bounced down...
Washington, stormed in upon the Committee and swore that he could produce Mr. Hopson at a hat's drop. Mr. Hopson had merely gone to Bowling Green, Ky. in August, had caught intestinal influenza, had then gone to Chicago "to be with his sister." Last week Mr. Hopson, rotund and smiling, appeared before the Senators, blithely announcing that he had brought a "truckload" of papers for examination. Mr. Pecora insisted that the truckload be carted back to Manhattan to be examined in Mr. Hopson's offices...
...Metropolitan Club dinner all but 15% of the old association's membership agreed to join the new one. Dissenters, whom Mr. Carlisle hopes may later reconsider: Henry Latham Doherty's Cities Service, the Harley Lyman Clarke interests' Utilities Power & Light, Howard Colwell Hopson's Associated Gas & Electric, Frank Theodore Hulswit's American Commonwealths Power. Unlike the N. E. L. A., the Edison Institute will not be open to manufacturers...
Other steps taken by Mr. Hopson to pull himself out of his fix: 1) as with Staten Island Edison, offering to exchange new bonds for those falling due; 2) borrowing $3.500,000 last week from a group headed by Chase Harris Forbes and Halsey, Stuart & Co. to pay off holders who turned down his offers; 3) starting an intensive campaign to sell strong mortgage bonds of his operating subsidiaries to his customers and his security holders...
Lesser troubles still besetting Mr. Hopson are a suit to throw General Gas & Electric Corp., a subsidiary investment company, into receivership, and a Federal Trade Commission investigation...