Word: ownership
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Dates: during 1930-1939
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...Mexico, the new Spanish act is aimed not at Protestants (who will be virtually unaffected) but at the Church which was connected and will now be separated from the State. At one blow the act will deprive the Catholic Church of ownership of Spanish art treasures valued at more than $500,000,000; ownership of Seville Cathedral, where Discoverer Christopher Columbus prayed; ownership of El Escorial, the frowning monastery where Spain's officially "Catholic Sovereigns" lie buried; and, generally, of ownership of all churches, church lands and property. On the other hand the Spanish Republic, like the French Republic...
...Nickel Plate goes into receivership and is reorganized, a new angle to current railroad problems will arise. Its control of the Wheeling has been pledged to R. F. C. as security on a loan. Calling of this loan would apparently bring about the first Federal ownership of an important railroad...
...remedies Governor Roosevelt proposed: 1) full publicity for all capital investments, all stock and bond ownership, all inter-company contracts; 2) regulation of holding companies by the Federal Power Commission; 3) rates based not, as now, on reproduction costs, but upon that portion of the original plant investment which could be called "prudent"; 4) a criminal statute against false and deceptive matter relating to public utilities...
...Washington, Republican Senator Wesley Livsey Jones, longtime Dry, was renominated over a Wet. For the Senate, Democrats picked Homer T. Bone whose brother Scott used to be Governor of Alaska. Nominee Bone, an ardent "public ownership" man, is viewed with alarm by conservatives who will support Senator Jones. The Jones-Bone fight in November is expected to be close. Here again Demo-crats upped their primary vote in two years from 16,000 to 154,000 whereas Republicans let theirs fall from 297,000 to 170,000. Roland H. Hartley, Republican Governor for the last eight years, was defeated...
...deal enables Goodrich to have its cake and eat it, too. Voting control goes to the buying executives through ownership of 3,300 of the 6,000 shares of common outstanding. The rest of the common goes to Goodrich along with 120,000 shares of preferred stock. Since this preferred stock is convertible share for share into common after Jan. 1, 1937, Goodrich can eventually regain control. If no dividends are paid, the preferred receives voting rights on the same date, control reverting to Goodrich. Though Hood officials say the amount is a secret, something was paid Goodrich...