Business: Power & Light

Last week a man pooled some of his resources and three corporations their all—the result a billion dollar grouping of power and light concerns webbing their lines from Ohio through Indiana, Illinois, Wisconsin, Missouri and into Kansas. The man is Clement Studebaker Jr., 55-year-old head of all the Studebaker interests, president of the Studebaker Brothers Trust, chairman of the North American Light & Power Co. which holds among other properties the Illinois Traction System (the longest electric raliway in the world)—manufacturer, financier, "clubman" (he belong to clubs in Boston, Detroit, Manhattan,...