Word: p
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Dates: during 1920-1929
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...though the electric utility seems to have been expressly designed for capitalistic development, it is only within the present year that J. P. Morgan & Co., most potent embodiment of U. S. capital, has entered largely into the light and power field. Excited, last week, were U. S. newspapers and U. S. senators when the Morgan utility interests acquired from the Mellon utility interests a group of light and power companies along the St. Lawrence River. Significant indeed was this transaction, but in a larger sense it was only a milestone along the Morgan utility road. When the economic textbooks...
Tracing the electrical activity of J. P. Morgan & Co. would not be difficult if the matter could be expressed in terms of Mr. Morgan personally exchanging bags of gold for turbines and transmission systems. Unfortunately, however, the utility field does not lend itself to such simplification. The House of Morgan is not sole owner of any of the utility companies in which it is interested; its holdings are usually no more than a substantial minority, not including an operating control; and if it chooses to regard itself as investor in many companies but as manager of none, such a position...
Entrance of the Morgan company into the utility field came in January 1929, with the formation of United Corporation, a company established by J. P. Morgan & Co., Drexel & Co. and Bonbright & Co. and with executive offices at 23 Wall St. (Morgan home). By June 29, United Corp. had the following holdings in the following utilities...
...Consolidated Gas for good measure. It was also rumored that Niagara-Hudson was negotiating with Stone & Webster for Eastern Utilities Associates, a group of light and power companies operating chiefly in New England. Out of all the rumors and rumbles, however, salient emerging points were: 1) That J. P. Morgan & Co. has undoubtedly become acutely interested in light and power; 2) That in nine months it has made swift and certain progress; 3) But that the public utility situation, even in New York State alone, should certainly not be interpreted in terms of Mr. Morgan's throwing the switches...
...unfortunate hero, is a sometime Williams man (1926), an adept at neurotic portraiture. He makes a terrifying thing of the sophomore's plight. Otherwise the play is often ill-designed; its dialog smacks of college magazines rather than colleges. The other coauthor, a Williams alumnus (1923), is Kenneth P. Britton...