Word: ownership
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Dates: during 1940-1949
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...Robert M. Hutchins, himself no silent partner of democracy, thought he knew the answer. As usual, his answer was irritating. He gave it last week in a speech at Rochester, N.Y.: "If you don't want Government control [or] the abuses almost inherent in the concentration of press ownership, an independent agency freely evaluating and criticizing the press's performance is the only answer...
...Five, which have gone through a number of changes in ownership, now are: Alexander & Baldwin, Ltd. (founded by two missionaries' sons); C. Brewer & Co., Ltd. (founded by a New England trader, James Hunnewell); Theo. H. Davies & Co., Ltd. (founded by Theophilus Davies, of England); American Factors, Ltd. (founded by Captain Henry Hackfeld of Germany); and Castle & Cooke, Ltd. (founded by missionaries...
...Young's charge that Central is banker-controlled, Boles counted only six bankers among the 15 directors on the Central. But he found eight among the 15 C. & O. directors. Young had charged that Central directors represented only 1.5% of the total stock ownership. Boles: "The C. & 0. is controlled by the Alleghany Corp. . . . through an interest which amounts to only 3.34%. . . . [Young's] interest in Alleghany's assets is less than 1%. [His] interest in ... New York Central, when traced down through Alleghany and the C. &O., amounts...
...miles from his office at Wright. It wasn't much- a 190-ft. by 140-ft. one-story building with no more than 30 machines, at its peak. Benny put about $54,000 in it. He needed one more tool-a stooge behind whom he could hide his ownership of Aviation Electric...
Fission & Fusion. Stockholders of Consolidated Vultee Aircraft Corp. approved a plan to separate the company from its non-aviation interests, including a general manufacturing plant (stoves, frozen food storage units, etc.) in Nashville, Tenn., and part ownership of the ACF-Brill Motors Co. They will be incorporated in a new company, the Nashville Corp. By the deal, Convair's present parent, Victor Emanuel's Avco Manufacturing Corp., will get the controlling interest in the new company. Floyd Odium's Atlas Corp., Convair's second biggest stockholder, will take control of the aviation properties...