Word: northwestern
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...when New Deal schemes for public power were aborning, Bond & Share sent McKee to Oregon to run Portland Gas, Northwestern Electric (SEC later made him drop this) and Pacific Power & Light. His assignment: to recapture lost earnings, fend off public power...
Meanwhile, McKee never forgot that his $37,200 annual salary came from the cash register, not good will. He cut operating costs to the bone, boosted advertising to the limit. Last year his Pacific Power cleared $851,957 v. $77,105; Northwestern Electric netted $460,051 against $32,341 in 1933; Portland Gas earned $236,925 v. 1935's low of $2,333. Even so, the future of electricity in the Northwest clearly belonged to the Bonneville Power Administration. But McKee had a substitute line of goods: gas. He plugged gas for home heating, water heating, cooking and refrigeration...
Since the Germans cannot be counted on to make mistakes such as the Italians made fighting against the Greeks, the Yugoslavs may do brilliantly and still be beaten. The Germans ought to be able to overrun northwestern Yugoslavia coming down in a drive that will outflank and take the great Yugoslavian loop of the Danube Drives were to be expected down the river itself from Mohacs and Subotica in Hungary, and perhaps also from Rumania through the Iron Gate, or from Bulgaria driving towards Nish from Sofia...
...most remarkable friendships in the newspaper business last week went on the rocks. Rare anywhere, let alone among publishers, has been the 35-year friendship of Tory Colonel Robert Rutherford McCormick and Liberal Samuel Emory Thomason. Pals at Northwestern University law school, they founded the big law firm now known as Kirkland Fleming, Green, Martin & Ellis. McCormick took over management of the Chicago Tribune in 1913; Thomason followed him five years later as business manager, rose to vice president and general manager. Thomason left him in 1927, started the tabloid Chicago Times in 1929. Chicago's only New Deal...
Last week Northwestern started its third class (850 candidates), the Prairie State was polishing up its third (500), Annapolis its first (703). Already graduated from the schools and bright with new gold braid were 1,776 new ensigns, some already assigned to service, some waiting at home for assignment. Commissioned in the Naval Reserve, the best of these mustangs (Navy for non-Annapolis officers) will have a crack at regular commissions in the Navy by meeting the Navy's qualifications after one year of sea service. In the long run, as Admiral Nimitz predicted, some of them may even...