Word: tri
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Dates: during 1930-1939
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Last week Tri-Utilities Corp., a $400,000,000 holding company for public utilities, went into "friendly receivership." Big as it was, great as is its fall, it was a young company built by a young man. On March 4, 1929, while bands and flags and soldiers led Herbert Hoover to his oath of office, young George Lewis Ohrstrom, 35 then, was interested in a less publicized matter. On that historic day he was occupied with incorporation details at Wilmington, Del. Birthday of Hoover Prosperity, it was also birthday...
Neither Mr. Hoover nor young Mr. Ohrstrom could look forward to Oct. 29, 1929 and the days beyond that day. Children study about the properties under President Hoover in geography books. Stockholders also needed geographies to study the properties under President Ohrstrom. They are almost coextensive. The properties of Tri-Utilities' four big subsidiaries (and their subsidiaries) extend from waterworks for householders in Flatbush to power lines in the Arizona desert, from mains of natural gas in Atlanta and Birmingham to acres of gas wells in Oklahoma, Kansas and Texas. All were listed by President Ohrstrom's accountants...
...Ohrstrom & Co. Inc. with his own offices in Wall Street. Now his organization has offices in every important trade center. He was responsible for important financing: the towering Bank of Manhattan Co. Building; Allerton Corporation (residential hotels for unattached ladies and gentlemen); and, biggest and most important, Tri-Utilities. With a strong face, a bold eye, an athletic demeanor (golf, horseback), young Banker Ohrstrom became a popular topic among Wall Street journalists and conversationalists. They talked, rather to his embarrassment, of his brilliance and his youth...
...young, dull or brilliant, Mr. Ohrstrom could scarcely have foreseen in March 1929 that it would rain hardly at all in the summer of 1930. The dryness that year had a desiccating effect upon the revenues of Tri-Utilities' Federal Water Service Corp. This damper summer the president of Federal Water (Christopher Tompkins Chenery) has announced that while earnings are lower, they are steady...
...away from Detroit at the start of the 6,000-mi. flight but who crashed into a hillside at Yorkville, Ohio. Lieut. Harry L. Russell, winner of the trophy last year, took the lead again (by points based on efficiency) early in the race with his Ford tri-motor; at half-mark he was well ahead of another Ford piloted by James H. Smart...