Word: lightnesses
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Dates: during 1920-1929
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Allied Power & Light...
...though the electric utility seems to have been expressly designed for capitalistic development, it is only within the present year that J. P. Morgan & Co., most potent embodiment of U. S. capital, has entered largely into the light and power field. Excited, last week, were U. S. newspapers and U. S. senators when the Morgan utility interests acquired from the Mellon utility interests a group of light and power companies along the St. Lawrence River. Significant indeed was this transaction, but in a larger sense it was only a milestone along the Morgan utility road. When the economic textbooks...
...operating control; and if it chooses to regard itself as investor in many companies but as manager of none, such a position would certainly be statistically sound. The fact that so powerful a financial institution has become actively interested in utilities may be disconcerting to opponents of privately controlled light and power systems. But only a cartoonist could attempt to personify Mr. Morgan as Big Utility Goblin...
...United Gas Improvement Company which supplied gas to Philadelphia. Commonwealth and Southern Corp. is a holding company for Commonwealth Power Corp., which in turn operates companies all the way from Michigan to Georgia. Its largest single holder is American Superpower which has some 10,000,000 shares. Allied Power & Light is also a holding company, operating chiefly in the middle west, its list of operating companies partly duplicating the Commonwealth & Southern group. Columbia Gas & Electric centres in Ohio and West Virginia, Cincinnati being one typical Columbia-served city...
...created a super-superpower project by linking the Mellon-Pennsylvania properties, the Morgan-New York properties, and adding Manhattan's New York Edison and Consolidated Gas for good measure. It was also rumored that Niagara-Hudson was negotiating with Stone & Webster for Eastern Utilities Associates, a group of light and power companies operating chiefly in New England. Out of all the rumors and rumbles, however, salient emerging points were: 1) That J. P. Morgan & Co. has undoubtedly become acutely interested in light and power; 2) That in nine months it has made swift and certain progress; 3) But that...