UTILITIES: A Ghost Walks

"The only reason the Harrison Williamses don't live like princes," observed a Manhattan wag during 1929's golden bull market, "is that princes can't afford to live like the Harrison Williamses."

Few Wall Streeters could match the Midas touch and power of Williams. An Ohio boy who ran a tricycle factory at 19, he brought his profits to Manhattan, multiplied them in the tire business, then got in on the ground floor of the great electric power boom. By 1924, with a total investment of $2,072,000, he had won 96% control of the great...

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