Word: power
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Dates: during 1920-1929
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...effect he declared that since the Dominion Government could not get effective power by Constitutional amendment it must largely withdraw from attempting to arbitrate labor disputes and leave that duty to the states. A measure called the Commonwealth Arbitration Abolition Bill was drafted. That was the bill under consideration by Parliament when the crisis came last week...
...Thus Signor Grandi has been for a long time de facto Foreign Min- ister. Now he may revel in honors of rank at last due him. Three Quadrumvirs. Three members of the famed Quadrumvirate who strode with II Duce on the March to Rome in 1922, when he seized power, were given Cabinet posts last week. General Emilio De Bono, veteran of the Lybian and World Wars received the important Ministry of Colonies. General Italo Balbo, the leading Italian authority on military aviation, a clever flyer, a keen observer who visited the U. S. last year, was made Minister...
...most appropriate uses to which a capitalist may put his capital is its employment in the field of electric light and power. He must be a potent capitalist, since an investment of millions is needed to turn the currents of rivers into currents of electricity. Once in operation, however, an electric utility is almost a natural monopoly with unlimited possibilities for expansion and a product equally essential to U. S. homes and U. S. factories. A power house is a match to light a thousand lamps, a motor to turn a thousand wheels...
...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...
...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 would certainly be statistically sound. The fact that so powerful a financial institution has become actively interested in utilities may be disconcerting to opponents of privately controlled light and power systems. But only a cartoonist could attempt to personify Mr. Morgan as Big Utility Goblin...