Word: hopsons
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Other utilitymen did not point to it with pride. Utility-baiters called it an octopus. Roly-poly Utilitycoon Howard Colwell Hopson and his partner, John I. Mange, called it Associated Gas & Electric...
When the New Deal was putting over its "Death Sentence" Public Utility Holding Company Act, Associated Gas and Electric's Howard Hopson spent $1,000,000 lobbying against it. With his roly-poly body and ear-to-ear smile, he became the utility industry's "mystery man" and lone wolf. Last week Hopson was hopelessly ill with heart disease, and Associated (a $1,000,000,000 system) was in financial trouble such as never caught up with it when he was at the helm...
...When Hopson became ill, Associated was controlled by a junta consisting of his old partner J. I. Mange; Hopson's three sisters (Norma Jones, Perle Hopson, Amy Starch) ; his brother-in-law, Commercial Research's famed Dr. Daniel Starch. A few weeks ago Mr. Mange went calling on Jesse Jones to see about arranging an RFC loan. Soon Associated got the idea thai Mr. Jones's price for making the loan was a finger in management. Last week, Associated acquired a new president, a veteran Washington lawyer named Roger Whiteford, who is given to lecturing...
This autumn, with a real war emergency at hand, Johnson tried again. Through his War Resources Board, he started honeymooning with New York's very unromantic powerboss, Floyd L. Carlisle (who would like in the process of integration to get a good piece of Howard Hopson's old Associated Gas & Electric system, which sticks into his New York organization at Rochester, Staten Island, elsewhere). Any chance that some arrangement could be made whereby Mr. Carlisle would become War II's No. 1 Dollar a Year man, and deliver the industry's cooperation in a big building...
Ever since roly-poly Howard Hopson was caught lobbying against the Public Utility Holding Company Act of 1935, nothing so delights official Washington as seeing his vast Associated Gas & Electric Co. caught off-base. SEC is trying to delist A. G. & E. stock from the New York Curb Exchange because of alleged "false and misleading" statements in its prospectus. Last week its investigation turned up a choice tidbit which SEC promptly speared...