EUROPE'S POWER RESOURCES TO BE MERGED, REPORT
Europe's Power Resources to Be Merged, Report $500,000,000 Holding Corporation May Take Over-Systems In Several Countries on Continent NEW YORK—A vast super power system comparable only to the big...
...A $500,000,000 holding corporation is to be created, according to the report, which will embrace in its control the bulk of European electric power systems on a hither-to unprecedented scale on the European continent...
...According to Dr...
...DAVIS SAYS PAY SLASHES HARMFUL PITTSBURGH, Pa.—"The purchasing power of the nation is wrapped up in the pay envelope and wage reductions delay business recovery," said Secretary of Labor Davis in an address to mining engineers...
...president of one of the biggest utility holding corporations of Europe, and was recently introduced at the world power conference held at Berlin...
...The hydrc-electric resources of the Alps, the Danube River, and the Adriatic coast will be interconnected with steam plants in the Rumanian 011 fields and Russian coal districts, and other plants and resources will be exploited in a super-power system that will cross and recross political boundaries...
...The cabinet member said he appreciated losf?s and discouragements the past year, but "we have hit bottom and are on the upswing...
...The original plan, it is reported, was advanced by Dr...
...The Oliven plan if put through will put most of the important electric utilities into a single group under holding compauiy control with exchange of power throughout the area on transmission lines carrying as high as 400,-000 vults...
...Oskar Oliven...
...Unemployment is a vicious ctrcle which labor can escape through organization, he said...
...Present utility power combines in Europe on account of political, personal, and economic differences rarely extended beyond national boundaries, although considerable power is sold across border lines between companies...
...At the present time it is estimated that 12 huge corporations representing 10 billion dollars 1ft capitalization control 65 per cent of American Power resource...
...LABOR MUST GAIN MACHINE CONTROL ATLANTIC CITY—Labor must control the machine, said Arthur A. Quinn, president New Jersey Federation of Labor, at the annual convention here...
...Oliven, a transconnected system of this typhis badly needed for the industrial development of Europe, and his plan of financing the venture Includes the selling of securities of low return to the Investing public...
...Peak loads, It is planned, can thereby be ironed cut by operating the entire system as a unit...
...Europe's Power Resources to Be Merged, Report $500,000,000 Holding Corporation May Take Over-Systems In Several Countries on Continent NEW YORK—A vast super power system comparable only to the big billion dollar utility corporations of the United States is being planned for Europe, according to despatches just received here...
...A similar trend toward concentration of control over power production and resources has been evident in the United States in the last decade or more...
Vol. 1 • September 1930 • No. 43
