Word: powerman
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...Administration would announce that this kind of thing was to cease and that the Government would henceforth attend to its own proper activities and give business a chance to come back," cried the powerman, "recovery would blossom as do the roses at this time of year...
...issue of Power. That was not so easy for Mr. Hepburn as it was for President Roosevelt: almost all of Ontario's power business is already in the hands of Hydro and Hydro is an official appendage of the Provincial Government. Furthermore, no less a private U. S. powerman than . Chairman Floyd Leslie Carlisle of Consolidated Gas Co. of New York and of Niagara Hudson Power Corp. once described Hydro as "the best managed and operated government enterprise in the world...
This simple formula for peace on the Potomac was devised by no long-headed powerman but an Army engineer serving as assistant to the District of Columbia's Engineering Commissioner. Head of his class (1911) at West Point, Major William E. R. Covell based his plan on somewhat similar experiments in sliding-scale returns made as far back as 1876 by Britain's London Gas Light & Coke...
Meantime another and a far different Washington plan was raising the hair of every powerman in the land. That was President Roosevelt's plan for badgering utility holding companies out of existence. In his press conferences lately the President has been stressing his distinction between operating companies, which he generally praises, and holding companies, which he invariably damns. Particularly irritating to the President is the phrase "widows and orphans," which is constantly used by powermen in any discussion of the possible effects of New Deal policies on utility securities...
Bond & Mortgage Receivership. As long ago as September 1929, American Bond & Mortgage Co., Inc. was in trouble and Chicago Title & Trust Co. was endeavoring to extricate it. Last week hope for a reorganization was abandoned. On the application of Harley T. Clarke, powerman, a "friendly" receiver was appointed. American Bond & Mortgage financed apartments, hotels and office buildings, usually kept the common stock of these buildings. Its financing of Washington's big Mayflower Hotel (in which Halsey, Stuart & Co. participated) was under Congressional discussion. Last week five Mayflower bondholders, with Mabel Walker Willebrandt as attorney, obtained a receiver...