Word: pyramids
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...sized course on his plantation, had been annoyed by the way grass greens withered and sand greens blew away. He had observed that cottonseed hulls made smooth paths through the plantation, tried them for greens. Nobody pounced upon him. So he patented the idea, now sits atop the patent pyramid. The reason why Mr. Carter sold for only $200,000: he had kept only rights for southern territory, is at the bottom of the pyramid...
...Viceroy and The Army. In the provinces (future states) abolition of Dyarchy is expected to soothe native opinion and admit native statesmen to all ministries of the government. Eventually then, the Indian federation would be made up of locally self-governed states. But at the top of the whole pyramid the Viceroy must remain supreme, strong in his command of the army...
...steel companies on which the Holt-Gundy group has been working are headed by British Empire Steel Corp., mighty in name but feeble in earnings. Into its pyramid of steel, coal and iron companies many receivers have tried to gain passage, have been halted only by the improvements that followed the purchase of control by Holt-Gundy...
...reorganization will result in a shake down of inflated assets and liabilities, in a smaller, more compact pyramid. "Besco" will yield its supremacy to a new company. Dominion Steel & Coal Corp., which will absorb some of the old companies, control others. Its shares will probably be listed on the New York Stock Exchange where "Besco" has been an unpopular ''dog," selling below $5 a share...
...Sweringen Corp. Last week the Van Sweringen Brothers placed another stone on the pyramid of holding companies they are erecting. First came Chesapeake Corp. in 1927, taking control of the C. & O.; next (last year) Alleghany Corp. which is a general holding company for Van Sweringen railroad interests. Last week Van Sweringen Corp. was formed, and the public invited to buy $30,000,000 worth of notes in it. Although the new company's excellent charter gives it the power to do almost anything by the phrases: "buy, sell, trade in or hold stocks and securities or other property...