Word: powerman
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This Coolidge appointment last July had roused Senator Norris and other anti-power-trust people to a high pitch of in dignation. For Mr. West once served as lawyer to Samuel Insull, than whom there is no mightier powerman. Indeed, just before his appointment Mr. West sold for $118,000 certain Insull securities which he had acquired for $67,000. Mr. West took the position that his Insull connection was a thing of the past, but, even so, promised to withdraw from any matter affecting Insull interests. To Senator Norris and his fellow "Progressives," however, the adequate control of public...
...physical properties of these companies will be as one, their financial fabric cannot be closely knit under present interpretations of anti-trust laws. Anticipating that Congress will discuss such power mergers, interested companies are putting into motion a vast machinery to explain to Congress and to the voters the powerman's attitude...