Word: inc
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Dates: during 1930-1939
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Died. Ervin J. Smith, 50, president of International Secret Service Association Inc., famed private detective who investigated the Black Tom explosion, the Leo Frank case, the death of Starr Faithfull; by his own hand (shooting); in Manhattan. Once a group of skeptical New Yorkers hired him to rig out some of his men in frock coats, send them to the lectures of Explorer Frederick Cook to heckle him with troublesome questions...
...American Standards Association; made it pay in 1933 by co-authoring a best-selling expose of advertising fakes and frauds (100,000,000 Guinea Pigs); ended it in bitterness in 1935 when Kallet backed a strike of technicians and office workers at Schlink's Consumers' Research. Inc. Kallet resigned as C. R. secretary, started Consumers Union of United States, Inc., aided by other C. R. experts who had been fired or quit. Since May 1936, when C. U. published its first bulletin, it has grown fast, now claims 60,000 members, of whom 47,000 pay the full...
...upon another investment "thrift plan" (for selling securities on the installment plan over a term of years). SEC has enjoined an estimated 25% of such U. S. thrift plans from selling shares without prospectuses or with misleading information. Last week the sixth thrift plan enjoined by SEC, Lexington Foundation Inc., consented to a permanent injunction without admitting guilt.* Lexington, whose contracts total about $16,000,000, may continue in busi ness so long as it is careful to issue prospectuses which make clear such facts as that from the first $100 which an investor pays, some $70 is deducted...
...other five and the amount of their contracts: Benjamin Franklin Foundation, Inc., $4,000,000; Income Estates of America, Inc., $20,000,000; Capital Savings Plans, Inc., $25,000,000; Financial Independence Founders, Inc., $19,000,000; Continental Guaranteed Deposits Co., Inc...
Last week, after years of promotion by Californians, the U. S. Bureau of Reclamation (Department of the Interior) gave the go-ahead signal to Pacific Constructors, Inc., a 12-company syndicate which successfully bid $35,939,450 for the erection of Shasta Dam. Final moneys for this purpose were voted by the last Congress. The project, which will do for Northern California what Herbert Hoover's Boulder Dam does for Southern California, is now entirely financed by the Federal Government, which hopes to get the money back from water sales in 40 years...