Word: mr
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...early in 1934. All last year, he and TVA dickered sporadically over a fair price for Tennessee Electric Power Co., chief C. & S. subsidiary involved. The amount invested in Tennessee Electric Power's electric division was found by independent audit to be a net of $86,300,000. Mr. Lilienthal, mentioning depreciation, offered $55,000,000, presently raised...
...International Paper Co. lured brilliant, voluble Archibald Robertson Graustein out of a Boston law firm, made him president, gave him free rein. Mr. Graustein proceeded to take the bit in his teeth. International was huge when he got it. Archie Graustein made it colossal, chiefly by adding power properties. Before he got through, International Paper & Power Co. was an $800,000,000 empire stretching from Newfoundland to the Gulf of Mexico...
...paper man. And three years ago, after both International and the industry had begun to recover from their doleful declines in the early 1930s, he was invited to resign as president of International Paper, but to remain president of International Paper & Power (top holding company for all the subsidiaries). Mr. Graustein resigned from both in a huff and went back to lawyering. Richard J. Cullen, who had been in the paper business since he was 22, got his jobs...
Touched with hypochondria, Mr. Cullen refers to bothersome unfinished business as a "stone in my belly." A stone in Mr. Cullen's belly since he became International's head man has been the Public Utility Holding Company Act of 1935, requiring geographical integration of utility pyramids. Like many another utility magnate, Mr. Cullen tried to evade this "death sentence" without avail. SEC remained adamant and the stone in Mr. Cullen's belly still hurt. Last week...
...splice a group of Midwest and Southern utilities into American Gas & Electric Co., six years later created another holding company, Central States Electric Corp. Central States presently got working control of North American Co., itself a utility holding company, whose total assets today are $900,000,000. By 1924 Mr. Williams held 96% of Central States' stock. By 1929 its shares had been split 60-for-1, the value of a single original share had risen from $10.50 to $5.660 and Mr. Williams' holdings amounted to 7,500,000 shares worth $612,000.000. Mr. Williams' yacht...