Word: ownerships
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Dates: during 1930-1939
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Popular incomprehension did not, however, deter President Hoover last week from announcing another volunteer survey commission. The White House conference on home building & home ownership, composed of representatives of 19 national organizations under Secretary of Commerce Lament, will, at the President's request, make "a study of the problems presented . . .; with the hope of inspiring better organization and removal of influences which seriously limit the spread of home ownership." Subjects: finance, design, equipment, city planning, transportation. President Hoover wanted to know why second mortgages on homes now often cost 25% per year...
...reign of Edward I (1239-1307), disputes involving the ownership of birds in trees or the right to build a structure which jutted over the edge of a neighbor's land, were settled by the maxim: Cujus est solum, ejus est usque ad coelum (He who owns the soil, owns above...
Among other things hinging on the outcome of Canada's national election (see p. 22) was the future ownership of Canada's principal airways. Both Sir Henry Worth Thornton and Edward Wentworth Beatty, presidents respectively of Canadian National Railways and Canadian Pacific Railway have intimated that their organizations may acquire part of Western Canada Airways and Canadian Airways. They have, in fact, reached "an agreement in principle." What they actually would do depended greatly upon the nature of Canada's next government...
...what was reported as one of the largest cash deals in oil history, Sinclair Consolidated Oil Corp. last week sold for $72,500,000 its 50% ownership in Sinclair Crude Oil Purchasing Co. and Sinclair Pipe Line Co. to Standard Oil Co. of Indiana which already owned the other 50%. Sinclair Consolidated, with only $34,189,000 invested in the two companies, made the staggering profit of $38,000,000 on the deal-which eclipses even the $23,000,000 which hard-bitten Leonor Fresnel Loree made for his Delaware & Hudson when he sold his control of Wabash and Lehigh...
...collection which the late Curator Wilhelm von Bede of Berlin's Kaiser Friedrich Museum used to call "the richest treasury of Renaissance masterpieces in private ownership," was well on its way to the U. S. last week. Its value: $6,000,000. Its sale price: undisclosed. Purchaser of the collection and agent for its ultimate distribution to U. S. tycoons was the one firm of art dealers capable of handling a transaction of that magnitude: Duveen Brothers of London, Paris & New York...