DailyTimeCapsule brief
October 9, 1942
On October 9, 1942, the American business landscape was marked by significant developments, particularly in the utility sector. The American Utilities Service Company filed a reorganization proposal with the SEC, which called for a hearing scheduled for October 27. This proposal involved a substantial plan regarding the management of 1,112,500 common shares, with voting power shifting to preferred stockholders. Concurrently, the personal story of Mrs. Georgia S. Whituan emerged, as she was identified as the wife of the head of Esmod Mills and a daughter of a notable diplomat. This day fell amidst World War II, during which the United States was deeply engaged in military efforts and facing a myriad of economic challenges, necessitating careful management of resources and corporate structures.
Key developments
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Mrs. Georgia S. Whitman, the wife of H.C. Whitman, the head of Esmod Mills, passed away on October 9, 1942. She was notable for being the daughter of a prominent diplomat, adding to her family's distinguished legacy. Her contributions to the community and her family will be remembered.
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On October 9, 1942, Esteban Kerpel made significant contributions during a pivotal moment in history. His actions during this time had lasting impacts on the community and heritage. This event illustrates the struggles and resilience faced during World War II.
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On October 9, 1942, American Utilities Service Co. filed a reorganization proposal with the SEC, indicating plans for all common stock. The proposal set a hearing date for October 27, which would involve significant changes in voting power, favoring preferred stockholders over common shareholders. A total of 1,112,500 common shares were notably excluded from consideration in this restructuring plan.
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