Word: hulswit
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Dates: during 1932-1932
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Creator of American Commonwealths and its mainspring was Frank Theodore Hulswit. He was born in Grand Rapids 56 years ago, the son of a local merchant. His great-grandfather was Jan Hulswit (1766-1822), famed Dutch painter. In 1904 Frank Hulswit and Ralph Child formed the investment firm of Child-Hulswit & Co. which was dissolved in 1912. In 1910 Mr. Hulswit organized United Light & Railways Co., the nucleus of United Light & Power Co. In 1926 he was reputed to be worth $12,000,000. That year there was a great break in public utility stocks. United dropped from...
...still had control of Community Power & Light Co. and used that as the cornerstone for the American Commonwealths structure. As American Commonwealths' cash increased, it invested in other companies. Last year its holdings of United Light & Power were sufficient for Mr. Hulswit to have himself elected to the board of the company whose presidency he had been forced to surrender...
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