Word: pyramid
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...must register with SEC under the penalty of being forbidden to use the mails and the facilities of interstate commerce if they did not. SEC would then have the power to control their financial and security transactions and, under the "death sentence" clause, to force simplification of any utility pyramid into a single geographically integrated system. Many utility holding companies not only refused to register but declared they would get injunctions against the whole Act. SEC then agreed to hold the Act in abeyance while it brought a test case against Electric Bond & Share. When it got to court, however...
Farmers National Grain Corp. is the top of a co-operative pyramid. Its 13 stockholders are smaller co-operatives (biggest: Farmers' Union Terminal of Minneapolis and Northwest Grain Association of Minneapolis). Their stockholders are grain elevator companies. And their stockholders, in turn, are some 300.000 farmers. Last week the 13 stockholders of Farmers National met in Chicago and, to the great relief of the farmers at the bottom of the pyramid, voted to dissolve its apex...
...said, can't something be done about it? The gods, we are told, met no difficulty in penetrating the walls of the Great Pyramid. Alden Clarke...
...Bandler prophesies in a helter-skelter flow of words which many a listener last week found incoherent. Several of her ideas accord with those of British "Pyramidologists,'' who believe that in the courses of masonry and many tunnels of the Great Pyramid of Cheops are to be found prophecies of the world's history until the year 2045. Pyramidologists thought Sept. 16, 1936 was to be epochal for the world, but Prophetess Bandler now denies that she predicted anything like the world's end. She insists, however, that, known only to her, 300,000 people were...
...Shrewd, grey-haired Robert Ralph Young, who called himself and partners "babes in the woods" when they bought control of Alleghany Corp. from George A. Ball (TIME, May 3), insisted again that he could simplify the Van Sweringen pyramid more painlessly than could Congress. First step, said he, would be elimination of Alleghany Corp., not Chesapeake Corp. as he had announced fortnight before. But Babe Young appeared for the first time genuinely starry-eyed when he confessed that he had never heard of the classic 1,800-page report on railroad holding companies made in 1931 by ICCommissioner Walter Marshall...