Word: trusts
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Dates: during 1920-1929
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Swift-tongued rumor had been busy before, anticipating a merger of banks in Boston, a merger in particular between Old Colony Trust Co. and First National Bank. Last week Philip Stockton, president of Old Colony, admitted that his company had entered merger discussions which had been broken off-and then renewed, with no decision yet reached. Believing that what a bank president calls a possibility is a sure thing, would-be stockholders eagerly hoisted the price of Old Colony stock in one day from $815 (bid) to $910 (bid). Very little stock was offered...
Among the deepest of the sleepers last week, was the chairman of a great oil company who slept the sleep of the just, weary from his pharmaceutical labors in the dispensary of the Federal jail in Washington, D. C. Not only the cloistered seclusion of prison walls but trust in his company's progress protected his rest. For, while Harry F. Sinclair slept and while he worked, plans were going forward for enlarging his company's outlets...
...Pulp. Ten of the largest saw mills in northern Sweden, producing about one-fifth of Sweden's pulp and having assets of $75,000,000, were last week merged by the formation of a holding company to be controlled by Kreuger & Toll (financial company of the Swedish match trust). They will be given a unified selling agency and the holding company will build a new sulphate pulp factory...
Kansas City. Sam Stine, 24, 5 ft. 7 in., chestnut hair, blue eyes, wanted for the robbery of Home Trust Co. and the murder of Policeman James Smith during the Republican National Convention last year...
...General Electric decisive advantage over competitors. No inventor he, the Steinmetz theoretical work found fruition in three thick red volumes, Alternating Current. His popular book is America and the New Epoch, showing why he was pro-German in the War, also how the merger of small companies into a trust was a step toward Socialism. After indulging in Socialist politics, a Western lecture tour, a denial as scientist, of immortality and God's existence, Steinmetz died...