Word: shared
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Dates: during 1920-1929
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...growth is intimately connected with the growth of electrical public utilities in this country, for these utilities were badly in need of money for development. The General Electric, through its subsidiary, the Electric Bond and Share Co., helped to finance them and in return took a large measure of their business. This fact incidentally accounts in large part for the present investigation; because of this aid in financing public utilities, the General Electric is indirectly a large security holder in many companies...
...situation actually constituted a legal or other monopoly, it undoubtedly would furnish a convenient talking point for our trustbusting statesmen, and the General Electric knew it. Therefore, while Senator Norris fulminated in Washington, the company's Board of Directors met, and voted to turn over the Electric Bond & Share Co. to a new corporation, whose stock would then be distributed share for share to the existing General Electric stockholders. This was, in a general way, the method adopted by the Government in breaking up the old "Standard Oil Trust" in 1911; its employment by the General Electric gave that...
...balked by this procedure, Senator Norn's worded his resolution so that not only the General Electric Co. but its stockholders may be investigated. Since the Electric Bond and Share Co.'s stock is for the moment held exclusively by the stockholders of the General Electric, there should still be something for radical senators to inveigh against, although there is probably nothing legally actionable...
...making this gift, the undersigned desires to express the hope that, if not now, in the near future it may be deemed right and fitting to invite representatives of Protestant communions other than the Protestant Episcopal Church to a share of the control and direction of the erection, maintenance and management of the Cathedral of St. John the Divine; and neither the execution of this agreement by the undersigned nor the making of the donation aforesaid by the undersigned shall be considered or construed to prevent the amendment of the charter, constitution or statutes of the Cathedral of St. John...
...Thomas W. Lawson, 67, frenzied financier, called "the world's greatest speculator"; in Boston, after an operation for diabetes. When 17, he ran away from school, in five years had made-and lost-$60,000 in speculation. He bought copper stock for 75c, sold it for $60 a share, won a new sobriquet, "the Copper King." Died. Oliver Heavisicle, 70, last year awarded a gold medal by the Society of Electrical Engineers (London), as "the greatest living authority on electricity"; in Devonshire, England, of a fall from a ladder. He was obscure, frequently destitute, a recluse in his cottage...