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Members of National Electric Light Association, convening in Atlantic City last week, heard Chairman Floyd Leslie Carlisle of Consolidated Gas stoutly define a well-managed holding company as a "potent instrument for the public welfare." Because of the Insull and Tri-Utilities collapses as well as the Kreuger scandal, the holding company theory at present is the subject of many an attack, many an inquiry. Last week from the Public Service Commission of the State of New York, the holding company theory received its 'second setback in three weeks...
Trusts. Consolidation in the investment trust field took another spurt last week. Tri-Continental Corp., sponsored by J. & W. Seligman & Co., bought control of Broad Street Management Corp. which carries with it control of Capital Administration Co., Ltd., an investment trust listed on the New York Stock Exchange, and a management contract with Broad Street Investment Co. The purchases swell the net assets controlled by Tri-Continental to over $40,000,000 by adding...
...each of the outboard motors of a tri-motor plane is mounted a convex mirror permitting the pilot to see the whirling propeller of the centre engine, through the blades of the outboard propeller. If the centre "prop" seems to rotate in one direction or the other, the pilot knows that it is whirling faster or slower than the outboard. He manipulates his throttles until the centre "prop" seems to stand stockstill. When both outboards have been tuned with the centre, the "waah-waah" ceases...
Among a score of U. S. women who will don long gloves, satin, tri-feathered headdresses to curtsey in stiff social homage to their British Majesties at this year's May Courts: Mrs. David K. E. Bruce (daughter and hostess of Ambassador Mellon); Miss Mary Elizabeth Beebe (daughter of Philadelphia Socialite Lucius Beebe); Mrs. Eugene H. Dooman and Mrs, David Edward Finley (wives of U. S. Embassymen); Miss Winifred Holt Bloodgood (daughter of famed Cancer Researcher Joseph Colt Bloodgood of Johns Hopkins University); Miss Denise Livingston (of New York) ; Miss Natica Nast (daughter of Publisher Conde Nast). Because Ailsa Mellon...
...award was announced in connection with the tri-centennial celebration of the Dutch University and will be conferred on June...