Word: trust
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Dates: during 1920-1929
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...Governor Franklin D. Roosevelt of New York agog (TIME, Sept. 23). The news meant that 80% of New York State would now be served by one hydro-electric company. While the headlines of Governor Roosevelt's announcement that waterpower must be saved for the public from the Power Trust were still streaming across the front pages of newspapers, reporters received a novel invitation. They were invited to assemble within the precincts of No. 23 Wall Street, the House of Morgan...
...came he. For last year, perhaps foreseeing the exit of the conservative ministry and the advent of England's present Labor cabinet, Lord Birkenhead resigned his government portfolio, looked over the many offers from corporations seeking his ability and his reputation, chose finally the chairmanship of Greater London & Counties Trust, Ltd. He became also a director of Imperial Chemicals, Ltd., Lord Melchett's British counterpart of I. G. Farbenindustrie...
Utilities, not chemicals, however, were Lord Birkenhead's major errand. Greater London & Counties Trust, Ltd., is a holding company for British light and power companies serving 95 cities in England and Scotland. Areas exclusively controlled comprise 9,300 square miles, including large manufacturing centres in the neighborhood of London, and with a population of more than 2,000,000. As electric service is increasing at double the rate in corresponding U. S. cities and towns, prosperous is Greater London & Counties Trust...
...despite its potency, Greater London & Counties Trust, Ltd., is not an independent company, is controlled by Harley Clarke's Utilities Power & Light Corp. of Chicago. Utilities Power & Light controls eight U. S. companies which supply electricity, also gas, to St. Louis, Indianapolis and 830 other U. S. cities and towns with a total population of more than 2,800,000. Counting its British subsidiary, Utilities Power & Light last year* showed a net of $5,999,168. Gross British revenues equalled about one-fourth of gross U. S. and British revenues combined...
France and the U. S. made their celluloid peace last week. Arbitrators were Under Secretary Andre Francois-Poncet of the Ministry of Fine Arts and Harold L. Smith of Will Hays's Motion Picture Producers and Distributors of America, Inc. To the chief of the French Cinema Trust (Chambre Syndicale), industrious, scheming Jean Sapene, the peace was as distasteful as a hurtling Hollywood pie-in-the-face...