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Billion Dollar Club assets hit record, 135 billion
The Billion Dollar Club, with 56 members, holds assets topping 135 billion dollars in 1949. Bell System leads, followed by Metropolitan Life and Prudential, as giants expand despite regulatory pressure. Notable changes include New England Mutuel Life Insurance. American Power and Light plans dissolution. Equitable Life rises to fifth.
MENTIONED IN THIS ARTICLE
Alfred F. Connors
United Press
New York
New England Mutuel Life Insurance Company
Public Utility Holding Company
American Power & Light
Bell System
Metropolitan Life Insurance
Prudential Life
Equitable Life
National City Bank of New York
New York Central
Mutual Life
US Steel Corporation
E. I. du Pont de Nemours
Aetna Life Insurance
Standard Oil
Indiana
Socony-Vaccum Oil Co., Inco
Texas Company
Santa Fe Railway
Gulf Oil Corporation
Standard Oil of California
Ford Motor Company
Massachusetts State Tax Commission