Word: merger
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Dates: during 1920-1929
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When, last fortnight, J. P. Morgan & Co. announced a merger of three potent New York State power companies (TIME, June 24), only New York Staters were deeply interested. When, last week, final approval of the long-pending merger of Continental Oil and Marland Oil companies was interpreted as first step in a national Morgan oil corporation, public interest was wider but still quiescent. But also announced last week was a Morgan-managed merger of Fleischmann Co., Royal Baking Powder Co., and E. W. Gillett, Ltd.* At that the country sat up and took sharp notice...
...interpret the doctrine of the church from time to time in the light of present day conditions, an enriched sense of fellowship, an increase of 40% in donations to the church over the aggregate amounts before the union, and the great economic savings and spiritual gains resulting from the merger of weak and competing churches...
Details of the consolidation have not been announced, except that William Henry Crocker will undoubtedly head the united banks. American Trust Co. has long been associated with the name of John Drum, but as Banker Drum's resignation as American Trust Co. president shortly preceded the merger, it did not appear that the new institution would be at all a Drum enterprise. To most Californians, Banker Crocker is perhaps more a symbol than an individual-a symbol of wealth, position, dignity, correctness. He is the only living son of Charles Crocker, who was one of the founders of Southern...
...current trunk-line proposition involves the Wabash (controlled by the Pennsylvania), the Western Maryland, the Pittsburgh & West Virginia (Taplin property) and the Wheeling & Lake Erie (disputed between Taplins and Van Sweringens). The Wabash and the Western Maryland are units in the B. & O.'s merger plan now before the Interstate Commerce Commission...
...spite of dull 2,000,000-share stock market days last week some specialty stocks remained buoyantly active. Utilities, congenitally defiant of the financial laws of gravity, were particularly strong. In addition to the general potency of such words "as "superpower," "giant power," they were inspired by rumor of mergers in New York State utility companies. Over-the-counter houses were selling shares in the new company before its formation was officially announced. Parties to the merger, described as a Morgan-Schoellkopf-Carlisle union, were...