HOLDING COMPANY • FREE TRANSLATOR.ORG • Definition of Holding company

"Holding company" Quotes from Famous Books

... Northern Pacific was finished under the direction of Henry Villard, a German journalist who had been a correspondent in the Civil War and had managed the interests of foreign investors after 1873. He gained control of the partly finished Northern Pacific and the local lines of Oregon through a holding company known as the Oregon & Transcontinental. In September, 1883, he took a special train, full of distinguished visitors, over his lines to witness the driving of the last spike near Helena, Montana. On the way out, they stopped at Bismarck to help lay ...

— The New Nation • Frederic L. Paxson

... roads would be operated as one, their earnings pooled, competition between the two eliminated and a virtual consolidation effected. On the advice of the Attorney-General, Philander C. Knox, President Roosevelt directed that proceedings be instituted against the holding company—an act that seemed almost useless in view of the decision of the Supreme Court in the Knight Case. But the decision in the Northern Securities Case, handed down in 1904, was a surprise. By a vote of five to four the Court declared the company ...

— The United States Since The Civil War • Charles Ramsdell Lingley

... smiling affably, and asking many questions. Then he left and in due course—that is to say, in a fortnight—Mr. Sands called the managing officials of all the smelters into his back room and read them a letter from a New York firm offering to trade stock in a holding company, taking over smelters of the class and kind in the Wahoo Valley for the stocks and bonds of the Harvey Smelters Company. The letterhead was so awe-inspiring and the proposition was so convincing by reason of the terror inherent in the letterhead that the smelters went into the ...

— In the Heart of a Fool • William Allen White

... of cigars, cigarettes, and snuffs. The tobacco suit presented a far more complicated and difficult case than the Standard Oil suit for a decree which would effectuate the will of the court and end the violation of the statute. There was here no single holding company as in the case of the Standard Oil Trust. The main company was the American Tobacco Company, a manufacturing, selling, and holding company. The plan adopted to destroy the combination and restore competition ...

— Complete State of the Union Addresses from 1790 to the Present • Various

... act enlarge the common-law rule as to what restraints were unlawful? How these questions have been settled. Statement of the common-law rule. Incompatibility between the law and present economic conditions. Suggestions for legal reform. The holding company device, its abuses and the possibility of abolishing it. Advantages of ...

— Our Changing Constitution • Charles Pierson