Word: tractioned
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...investment house which took neither alternative was Chicago's H. M. Byllesby & Co. Since 1910, when it organized Standard Gas & Electric Co., Byllesby has kept control of Standard, a utility empire with 105 subsidiaries selling gas, electric and traction service to 6,200,000 customers from Pittsburgh to San Diego. Byllesby's control of Standard was challenged in 1929 when an ambitious young financier, Victor Emanuel of Manhattan, began buying into the company. In that fight for control Standard stock went from $60 to $245 a share and Emanuel's syndicate (which later became United States Electric...
...will remain inactive. Harvard has a tradition of 300 years of academic freedom behind her, and we feel sure that this will not suffer especially in the present period of wars and crises. We simply think that there should be such a committee standing ready to defend this traction against attack from any source whatever
...portly, potbellied, black-mustachioed Philadelphia lawyer named John Graver Johnson (tops among U. S. corporation lawyers and trust protectors of his time) drew up a noteworthy document. It was an iron-clad lease by which Philadelphia Rapid Transit Co. promised to pay 49 small traction companies $7,100,000 a year for 999 years for the privilege of running its street cars over their right of way. For the stockholders of the 49 underlying companies-among them the Wideners, the Elkinses and other First Philadelphia Families-this was a mighty fine deal. Their original investment in one case consisted...
...offset motor gives greater traction to its left rear wheel which rolls on the unplowed land, not on the softer earth already plowed...
Last week Corning Glass Works of Corning, N. Y. announced a newer marvel which some day soon will make house wives grateful: preshrunk glass. A goblet made of this glass is so dense and tough (i. e., so resistant to expansion and con traction) that it can be heated cherry-red, then dipped in iee water without breaking...