Word: basic
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
John Spencer grew to years of discretion and mechanical knowledge. Re- cently, the U. S. Patent Office issued to him a basic patent for a new type of quick-acting thermostatic bimetal device.* Last week, the Westinghouse Electric and Manufacturing Co. obligated itself to him (according to report) to the extent of a million dollars for this patent. The Spencer Thermostat will now appear on a variety of electrical apparatus, chiefly irons, coffee-percolators, water-heaters...
Periods of cheap money are usually accompanied by mergers and changes in corporate ownership. The basic reason for this is the readiness of the public to purchase securities at such times, plus the relatively high prices reached by securities when interest rates are low. The U. S. is apparently moving into another such merger period as 1900-06, except that today enthusiasm is more tempered with wisdom of ex- perience. But the figures are larger, except for the mammoth Steel Corporation merger of 1901. There are still few other billion-dollar corporations, yet in the last few years a large...
...Secretary Mellon (who, incidentally, is Chairman of the Federal Reserve Board) to look askance at the large sums of money loaned hy banks on stocks and bonds, such a fall in share prices is not fundamentally surprising. There has been the further factor of evident over production in many basic industries to give pause to undue optimism...
...basic causes of the St. Paul failure run back many years. In general, they can be summarized as the failure of the road's earnings to sustain its tremendous capitalization. In part, the bankruptcy can be attributed to one of the greatest gambles ever taken in U. S. railroading?the construction of the 1,400 miles "Puget Sound extension" which carried the road from the Middle West to the Pacific Coast, 15 years ago. Previous to this time, the St. Paul had been a prosperous "granger" road in the Middle West. But James J. Hill and others had pressed their...
Originally, a British producer controlled this country's artificial silk output through possession of basic patents. In 1920, these patents ran out; and since that time, the U. S. fibre-silk business has experienced an enormous expansion...