1939 - Energy

Energy

Commonwealth & Southern Corp. president Wendell L. Willkie sells the utility holding company's assets to the federal government and local municipalities February 4 for $78.6 million (see 1938; politics, 1940).

Former Royal Dutch Co. managing director Henri W. A. Deterding dies in Germany February 4 at age 71, having given financial support to Adolf Hitler since the 1920s; Cities Service Co. founder Henry L. Doherty dies of cancer at Philadelphia December 26 at age 69.