Word: hopson
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...With the aid of an order from President Roosevelt opening income tax returns to their inspection, Senate snoopers found that plump Vice President Fred S. Burroughs of Associated Gas & Electric had a salary of $60,000 paid by one of plump Howard C. Hopson's holding companies which in turn charged other companies in the system an aggregate of $150,000 a year for their respective shares of Mr. Burroughs' services...
...representative of New York State's Public Service Commission testified that he had found that Mr. Hopson's personal holding company had milked the system of $2,800,000 in profits during...
...this enlightening education was Howell Colwell Hopson. When he left his job with New York State, he set himself up as a public utility expert. In 1921 he got hold of what is today the great Associated Gas & Electric System, modestly becoming its vice president and treasurer. Bit by bit he expanded it, snapping up one company here, another company there. Today the Philippines and Nova Scotia are on the fringe of his empire, while Tennessee and South Carolina are in its suburbs. Its heart is in New York, New Jersey and Pennsylvania. Hundreds of companies have passed through...
...operated his companies ably, so Mr. Hopson financed them astutely. Stocks of his numerous holding companies were sold to the public but control of the two companies at the top of the pyramid remained with him and John Isaac Mange, president and later chairman of the system. Mr. Hopson, shrewd mathematician, invented many complicated kinds of securities for sale to the public. According to the Federal Trade Commission, Associated Gas & Electric Co. has or has had (the system changes so often that A. G. E. can generally catch in error anybody who ventures to describe it) three classes of common...
Score, Lowell 0, Dunster 0. Referee, Lockwood. Umpire, Madden. Linesman, Shrigley. Time, four 10-minute periods. The summaries: WINTHROP LEVERETT Emerson, Holbrook, l.e. r.e., Rawson Whitemore, Day, l.t. r.t., Goulder MacArthur, Lewison, l.g. r.g., Cloues Noble, c. c., Hopson Lehman, Breck, r.g. l.g., Scannel Sullivan, Beale, r.t. l.t., Cook, Riggs Miuolo, Curtis, r.e. l.e., Cushman Haring, Bush, q.b. q.b., Tyng Purdy, l.h.b. r.h.b., Stevens Hindle, r.h.b. l.h.b., Maddux Taylor, Kelly, f.b. f.b., Lawrence...