interlocking directorates वाक्य
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- Corporate history . The New Boston Railroad was incorporated under a special act of New Hampshire of February 19, 1891, for the purpose of constructing and operating a railroad from Goffstown to New Boston, N . H . It is controlled by the Concord & Montreal through ownership of about 28 per cent of the outstanding capital stock, and interlocking directorates.
- Since the Aldrich Plan gave too little power to the government, there was strong opposition to it from rural and western states because of fears that it would become a tool of bankers, specifically the Money Trust of NYC . Indeed, from May 1912 through January 1913 the Pujo Committee, a subcommittee of the House Committee on Banking and Currency, held investigative hearings on the alleged Money Trust and its interlocking directorates.
- Attorney Samuel Untermyer who headed the 1913 Pujo Money Trust Investigation Committee to investigate money trusts defined a money trust to George Baker during the Pujo hearings; " We define a money trust as an established identity and community of interest between a few leaders of finance, which has been created and is held together through stock-holding, interlocking directorates, and other forms of domination over banks, trust companies, railroads, public service and industrial corporations, and which has resulted in vast and growing concentration and control of money and credits in the hands of a few men ".
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