Word: sec
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Dates: during 1930-1939
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...SEC did tell American Water Works to get rid of its prune orchards. But if it wished to, said the Commissioners, it could take "a reasonable period of time" to sell them-an obvious effort to convince other utilities that if they become a little more sociable SEC is perfectly willing to make friends...
...laggard to take to the courts against Section 11 of the Public Utility Act of 1935-the section described in the press as "the death sentence"-was American Water Works & Electric Co. Inc. Last February American Water Works withdrew its suit and registered with SEC. Five months ago American Water Works became one of the first of some 90 holding companies which are now registered with SEC to file a voluntary plan for reorganization. And last week SEC, pleased to find a public utility that wanted to cooperate, gave its approval in all major respects...
...once the sole Democrat in the Wyoming Legislature and served a term as mayor of his home city of Laramie. A stout New Dealer, he has worked for his friend Jerome Frank as Assistant General Counsel of AAA, for his friend Bill Douglas as trial examiner for the SEC, for his friend Robert H. Jackson as a special consultant in the Department of Justice's trust-busting campaign. An able trial lawyer, he was at one time Dean of West Virginia University's Law School and left there in 1930 with offers of professorships in both the Harvard...
...also was among the first to realize that such service should be divorced from the underwriting and commission business. And last week Chas. D. Barney & Co. had the distinction of having its senior partner, John W. Hanes, named as the first Stock Exchange member appointed to the SEC (see p. 53). Founder Barney, now 94 and long since retired, lives outside Philadelphia but two of his grandsons are in the firm, as is a great-grandson of Jay Cooke. It also has a partner named Fish. As old Mr. Barney approached 50 another firm was founded in Philadelphia...
...After SEC Chairman William O. Douglas lashed out at the New York Stock Exchange's "club" atmosphere and declared that "no element of the Casino should be allowed" (TIME, Dec. 6), Exchange members expressed their reaction by hooting, whistling and booing on the floor of the Exchange, crying "Casino!" whenever they had trouble buying or selling at a desired price. Wall Street's official reaction was a painfully courteous promise by Charles R. Gay. president of the Exchange, to look into the situation...