Word: power
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Dates: during 1920-1929
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When the Federal Trade Commission became interested in the newspaper-buying activities of International Paper & Power Co. last spring, the fact was disclosed that two young men named William Lavarre and Harold Hall had been commissioned by I. P. & P. to buy a chain of newspapers in the South (TIME, May 20). They bought four: Augusta (Ga.) Chronicle, Columbia (S. C.) Record, Spartanburg (S. C.) Herald and Journal. Purchase money amounting to $870,000, the buyers told the Commission, was loaned to them...
...month ago Buyers Hall & Lavarre came to disagreement over control of their journals. A split followed, Buyer Hall asking for an injunction against his one-time partner to restrain him from obtaining operating control. Buyer Lavarre threatened to "disclose" all negotiations with the power company unless the injunction was withdrawn. The injunction still pending, amicable settlement of Hall-Lavarre differences had not been made last week...
...hard it may prove for the politicians to come to an agreement strikingly appeared last week at London, where the Young Plan was mercilessly flayed by David Lloyd George, balance-of-power man in British politics...
Some potent Britons evidently feared last week that Manhattan might get the bank. "Will Wall Street Swallow Europe?" editorialed Viscount Rothermere. publisher of one of the world's largest newspapers. London's Daily Mail. Over his own signature Tycoon Rothermere warned, "Wall Street has become another world power, with more authority than the League of Nations, with more subtlety than Bolshevism...
...fast, did not erode and spoil the sides of the $20,000,000 ditch. All in good time it will have trickled full, probably by next October. Then President Cosgrave will open other sluices at the farther end of the ditch where a new $15,000,000 hydro-electric power plant is now almost complete. As ditch water gushes through turbines, enough electric power will be made to light every home and hut in the Irish Free State...