Word: utilityâ
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Dates: during 1935-1935
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...register with SEC. Utility accounting methods are brought under the supervision of SEC and the Federal Power Commission which may order any item on a company's books changed. No officer or director of a bank, brokerage or investment house may serve as an officer or director of a utility???a provision which will bring wholesale shake-ups in personnel when it becomes effective one year hence. But the provisions which were last week giving utilitarians the severest headaches concerned three words all beginning with "D"? "death sentence," dividends, depreciation...
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