Word: hopson
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Dates: during 1930-1939
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...invite attention to one H. C. Hopson . . . the dominant figure and guiding spirit of the Associated Gas & Electric System. As a dominant figure he is a marvel and I think he admits it. As a guiding spirit he leaves nothing undone to accomplish his purpose. ... In my opinion under the present setup, no body can effectively regulate such an organization. It is too big, too powerful, its officials are too fast and its lawyers too smart. ... I have seen them juggle their books, juggle their cash, juggle foreclosure sales where they were both buyer and seller, juggle their taxes, juggle...
...Public Utility Holding Company Act, the utility industry has resembled a poker game with vast stakes and SEC Chairman William O. Douglas dealing. Last week, Bill Douglas dealt a new hand to an intriguing set of opponents-lean, smart, Floyd Odium of Atlas Corp., fat, cunning Howard Hopson of Associated Gas & Electric Co. and bald, battle-worn Harley Clarke, late president of Utilities Power & Light Corp. As this hard-bitten trio of utility financiers studied their cards, kibitzers gathered thick around. For the play was the first test of the notorious utility "death sentence," and everyone agreed that Bill Douglas...
...Howard Hopson blundered in letting his Associated Gas system buy a fat chunk of U. P. & L. Class B stock in the 1920s. when shares sold as high as $90; Class B shares are now selling at about $1 each. What is more, in receiverships, debentures come before stock. So Floyd Odium's aces looked better than Howard Hopson's kings. In any case, Bill Douglas stands to win, for Floyd Odium hastened to say that he, for one, would not appeal any "death sentence" for U. P. & L. He thought it was "good economics apart from...
...returns. Empire Gas & Electric Co., subsidiary of shrewd, roly-poly Howard Colwell Hopson's Associated Gas & Electric Co., took a $38,543 deduction for the cost of lobbying against the Public Utility Holding Company Act. With some heat, the Internal Revenue Bureau rejected the claim. Last week in Washington, Empire Gas took it up with the Board of Tax Appeals, asked why lobbying should not be considered a "necessary business expense...
Electric lights failed when the current went off, and thus you were just the tools of Mr. Insull or Mr. Hopson. The bigger and shinier and faster you automobile was the more apt you were to get bamped off unpleasantly. A medieval arquebus was much more decent. It was all a lot of rot--modern existence. I was insistent. I was almost a Miniver Cheevy...