Word: interest
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Dates: during 1920-1929
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...President should receive the Tariff Commission's recommendations, President Hoover last week waited until the eve of the Senate's debate on the matter, then issued a statement defending his rate-changing power as it stands. He said it was a wise power, protecting public interest from long delay, guarding against too-frequent revisions of the whole tariff. It had been held constitutional, he reminded. It did not make the President a despot, etc., etc. Having thus broken his silence on the Tariff, President Hoover once more fell silent, watched the Tariff War from afar...
...Bank operates branch offices in 174 cities, has 14,000 employes on its payroll. There are some 50 branches of the Disconto Gesellschaft, a personnel of 7,000. With the announcement of the new merger came news that nearly half of these branch offices would be closed, in the interest of economy, some 2,000 employes of the two banks discharged. Dedibank was more thoughtful of its bank directors. The complete boards of both of the merging banks will sit at the meetings of Dedi, a "Parliament of Directors" with 109 members will direct the efforts of Dedi...
Electric. When the same man is chairman of two companies in similar lines and one of these companies owns a 13% interest in the other, besides having an agreement to give it financial service, a merger in which the first company offers to acquire the remaining stock of the second is not astounding news. Last week this condition occurred when Sidney Zollicoffer Mitchell's Electric Bond and Share Co. offered to exchange its stock for Electric Investors, Inc. While Electric Investors, Inc. is a strict holding company with 87% of its investments in utilities, Electric Bond and Share...
...Already jubilant over these signs of prosperity, railroad men heard with interest last week that a non-railroad man was working on an experiment which might materially lessen operating costs. The experiment was a Timken Tapered Roller Bearing-equipped locomotive. The experimenter was Henry Holiday Timken...
...chief interest to each convention were the problems facing that particular industry and tactics to be employed in the future. Thus while the American Bankers' Association mulled over the credit situation, members of American Bakers' Association in Chicago discussed the advisability of having a national doughnut week soon and announced crackers in the shape of states to tempt, to educate unruly infants...