Word: millions
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Dates: during 1920-1929
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Morgan Family. When Commonwealth & Southern Corp. was organized recently by Bonbright & Co. with 60 million shares capitalization and Morgan backing, observers saw it as a sister to potent United Corp. which would extend the Morgan utility sway south, southwest, inland to the Great Lakes. Last week their beliefs were justified...
...Last week the Chicago & Alton R. R., in receivership since 1922, was ordered sold by Federal Judge George A. Carpenter of the Chicago District Court. Date of the sale will not be announced until priority between conflicting creditors has been settled. The Chicago & Alton is valued at approximately 100 million dollars. Prospective purchasers are said to be Kuhn, Loeb & Co. and Samuel Insull...
...communications business, only the White Act keeps Radio Corp. from turning its entire message service over to International Telephone & Telegraph. In March, R. C. A. Communications, Inc. was tentatively sold to the Behn Brothers for 100 million dollars but the White Act, prohibiting cable and wireless mergers, must be amended or rescinded before I. T. & T. can take over...
...Near-beer, as such, would not have interested old George Ehret. From 1866 to 1920 he made real beer-drilled an artesian well through 700 feet of rock to get pure water for his product-sold more than 1,200,000 barrels per annum-employed 800 men-refused 40 million dollars for his business in 1912. Shocked, astounded at the advent of Prohibition, he turned to near-beer as a makeshift, continued to hope for a return to the good days. He died, 92 years old, in 1927, left in his will a clause asking his heirs to carry...
...notable facts about Funnyman Rogers: 1) his' quips are always clean; 2) he is "worth" two million dollars...