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...attempts of Senator Walsh to attach the Republican National Committee to the oil scandal by means of its campaign contributions, Senator Spencer countered by subpenaing officials of the Democratic National Committee and Senator Walsh's brother and attorney. Instead of Walsh alone, Walsh and Spencer now share the leading role of chief investigator. Daugherty : ¶ Following Mr. Daugherty's resignation from the Department of Justice, the investigating committee decided it would continue its job of making revelations. ¶ P. J. Van Vechten Olcott, Manhattan lawyer, testified that he had been approached and asked to furnish...

Author: /time Magazine | Title: National Affairs: Investigations | 4/7/1924 | See Source »

...annual reports of the leading petroleum companies have been received with more than ordinary interest. Recently, the report of Standard Oil of Indiana was considered very creditable, all things considered. Net earniings for 1923 were $41,538,499, which is equivalent to $4.68 on its 8,868,266 shares of ;$25 par stock. In 1922, $5.60 a share was earned...

Author: /time Magazine | Title: Business: Standard in Indiana | 4/7/1924 | See Source »

...Brotherhood bank, in addition to receiving subscriptions from investors in the usual way, circularized the members of the union, in an especial effort to "put away" its share of the bonds...

Author: /time Magazine | Title: Business: A Shock | 4/7/1924 | See Source »

...depreciation and taxes were deducted. After the $4,318,253 paid out on the company's two issues of preferred stock, $6.46 was earned on the average amount of common stock outstanding during the year. This compares with the net income of $4,605,330, or $1.14 a share on the common stock, during...

Author: /time Magazine | Title: Business & Finance: Bethlehem | 3/31/1924 | See Source »

...issued their annual reports for 1923, yet it is widely believed that in gross business and also in net profits both companies are likely to establish records. The growth of these two leading companies has been symptomatic of the electrical industry. Even in 1921, General Electric earned $15.90 per share, while in Westinghouse's worst year since the War, 1921-1922, earnings were $3.89 per share. Engineers regard the electrical industry still in its infancy. In the next decade, the building of "superpower" plants is confidently predicted, requiring vast amounts of electrical equipment. Furthermore, electrification of our huge railway...

Author: /time Magazine | Title: Business & Finance: Electrical Industry | 3/31/1924 | See Source »

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