Business: A. G. & E.: Round I

Since Cheops let the contracts for the building of the pyramids, there has been no such juicy piece of pap as the job of reorganizing the $1,000,000,000 Associated Gas and Electric system, which fell into the bankruptcy courts Jan. 10. Biggest reorganization in history, it involves a utility empire that sprawls over 27 States, has contacts with 54 Senators, 307 Representatives, brigades of State legislators, spends around $94,000,000 a year on coal, wages, construction, supplies. Sure to stay in court for years, it will provide jobs for several trustees (not unusual price: $50,000...

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