Word: programmed
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Dates: during 1920-1929
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...Edgar Rickard. Other doings: one hour at church; two hours on a motor ride. ¶ Thirty-five public utility executives, led by Owen D. Young, chairman of General Electric, filed into the Cabinet Room, pledged nearly two billion dollars to the President's Momentum-for-Industry program. Total pledges: ten billion dollars. ¶ To the White House went Senator Robert F. Wagner of New York, asked President Hoover to practice his own plea by preventing the release of 1,000 civilian employes at the U. S. Navy Yard at Brooklyn...
Last week unexpected aid came to the Hoover industrial program from a bull outside the herd. Irving T. Bush,* head of Brooklyn's mammoth Bush Terminal, announced the completion of three years of negotiations in the formation of Bush Service, Inc., U. S. A. The new company combines the facilities of the Bush Terminal with those of Lassen & Co., a Swiss holding company that controls 54 distributing agencies throughout Europe. Fifty one percent of the stock of the new company is held by Bush Terminal. Inc. For the smaller exporter Bush Service Corp. will do, roughly, what is done...
...thought that the little oil men were not too eager for the appointment of a Great Man as Tsar, inasmuch as Great Man's influence, presumably exerted in sympathy with the program of the large oil companies, might give production restriction an irresistible impetus. But where-ever discussion was unofficial and unpublished, delegates to the tenth annual meeting of the American Petroleum Institute talked of Sir Henri Wilhelm August Deterding, of Royal Dutch, of price wars and of invaded territory...
...dissolution period. In more recent years he has (despite his non-compromise statement) preferred peace to war, as witness his agreement (in March) with U. S. oil interests concerning the marketing of Russian oil. In April he sat in on an American Petroleum Institute oil restriction program, gave tacit approval to U. S. attempts at oil rationalization. But the restriction program, in its nation-wide aspect at least, fell through, and in August Sir Henri suddenly shocked U. S. oilmen, particularly the Standard Oil Company of New York, with an invasion of Socony's own territory. Throughout New England...
...other hand, although the government failed to endorse the American Petroleum Institute's national program of oil restriction, oilmen have made marked progress through state-by-state restriction agreements. There is no overproduction problem in Pennsylvania fields; Texas oilmen have on the whole cooperated enthusiastically with the restriction plan; encouraging progress has been made in the Mid-Continent (Oklahoma) fields. California, however, is the crucial point. California increased its production 40% in 1929 and now produces 30% of the U. S. output. Last summer the California legislature passed the Lyon Act, a measure ostensibly designed to prevent wastage of natural...