Exceedingly small potatoes in the utility industry is American States Public Service Co., a weak little holding company controlling a few waterworks and power companies scattered from Michigan to California. Organized in 1928, it filed for a bankruptcy reorganization six years later, is still in the hands of the Federal Court in Baltimore. There two plans submitted for its reorganization were being pondered obscurely until last week.
Then a number of important personages having not the slightest financial stake in the company's future suddenly converged on Judge William Caldwell Coleman's courtroom. Seemingly blocked...
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