Word: transit
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Dates: during 1930-1939
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...operating chief, Sam Insull knew no peer. His network of gas, light, power and transit companies spread over 32 States from North Dakota to Florida to Maine, served some 10,000,000 people, had securities with a market value of over three billion dollars, had combined earning power of a half billion a year. Sam Insull, however, was not content to be known as an operating genius alone. Through an elaborate series of investment trusts and holding companies, he proceeded to acquire stock control of those same utilities which he already controlled through good management. Because others were bidding against...
...Baltimore firm of W. T. Shackelford & Co. lost National Distillers-policies between $70,000,000 and $80,000,000. Through Joseph P. Kennedy came policies insuring Scotch whiskeys in overseas transit. "Jimmy became, by a wide margin, the biggest whiskey-insurance man in America...
...Senate had planned to set up an independent Fair Labor Standards Board. with quasi-judicial powers (like NLRB's) to halt the transit in interstate commerce of goods produced under conditions not conforming to the act. The House planned to empower the Labor Department to go into the States and see to it that goods for interstate commerce were legally produced. The House won, and the compromise bill's administrative provisions strongly reminded businessmen of NRA's myriad code authorities. Chief provisions of the bill...
Also into effect last week went Premier Daladier's pump-priming recovery program. On rural electrification, slum clearance, irrigation, new roads and port facilities, $304,000,000 will be spent. The production tax will be modified and free ports for transit trade have been established. Also authorized by decree were defense loans up to $5,500,000 for France's African colonies, to $11,000,000 for French Indo-China. Minister of Colonies Georges Mandel explained these loans will be used toward starting a "systematic Empire defense plan...
...sold $31 book value stock at $100 when the market was $150, he might ask Mr. Woodruff of the Coca-Cola Co. why his stock is selling at $117 when it has a book value of less than 87. Or he might look into the matter of Brooklyn-Manhattan Transit common which sells around $8 a share despite a book value...